Even in Philadelphia, Pennsylvania, the city of brotherly love, the IRS can be unrelenting when it comes to FBAR reporting. FBAR stands for “Foreign Bank Account Report” and refers to FinCen Form 114, Report of Foreign Bank and Financial Accounts.
FBAR reporting posed new obligations for U.S. taxpayers who have ownership or control of a foreign account with amounts over $10,000. If you’re in this position we strongly recommend that you have an experienced tax professional to guide you through the requirements.
Let our tax team handle the taxing requirements of FBAR reporting in Philadelphia while you focus on protecting your investments.
Our Philadelphia tax team consists of tax attorneys, certified public accountants, certified financial planners, and former IRS advisors. Frost Law’s working relationship with the IRS and state authorities provides us the edge over other tax firms.
How Can We Assist You With FBAR Reporting in Philadelphia?
In your initial consultation, our team will examine your:
Our team will help you gain clarity on FBAR reporting and achieve compliance. Feel relief with Frost Law and avoid all the frustrations that accompany FBAR reporting.
Reach out to our Philadelphia tax team today at 410-497-5947 or fill out our contact form to schedule a consultation. Visit us located just 5 minutes from Philadelphia City Hall and Love Park at 1700 Market St #1005, Suite A Philadelphia, PA 19103.
Our office is located right next to the Parkway 1700 Market Garage. Or if you’re taking the train, we’re just 5 minutes away from the Suburban Station on 16th & JFK Blvd. Taking the trolley? Our office is located between both 19th St Trolley Station and 15th St Trolley Station.
"Eli Noff is an Excellent international tax lawyer and a very kind and hard working advisor. The firm assisted me with a complicated FBAR matter for 2 years and they also helped me with Articles of Incorporation for my company in St Petersburg FL (moving from DC). I can recommend their professionalism very highly!"
"Their attorneys saved me $94,000. Seriously. They appealed successfully to the IRS (who were very gracious, I must add) and got my account credited in this amount. Wow. Friggin' amazing... Love these folks."
"It amazes me the level of effort that Frost and Associates puts in every year during tax season. I often see emails at 9:30 p.m. asking questions or providing status updates. The commitment that this firm has to meet deadlines and provide timely customer service is outstanding to say the least. Much appreciation for your hard work and dedication."