Clear Expat Tax

Foreign Account & Asset Reporting for Americans Abroad

Understand your reporting obligations. Stay compliant with confidence.

Many Americans living overseas must report their foreign financial accounts and assets to the IRS, even if they owe no U.S. tax.

If you have specified foreign financial assets that exceed certain thresholds, you may need to file Form 8938 (FATCA) with your U.S. tax return.

At Clear Expat Tax, we make complex reporting simple, accurate and stress-free.

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Fixed Fees
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What Is Foreign Account & Asset Reporting?

Under U.S. law, many Americans abroad must report certain foreign financial accounts and assets to the IRS using Form 8938 (FATCA). This form is filed with your annual U.S. tax return. The rules can be complex, but we’re here to help you understand what’s required and ensure accurate reporting.

What's Included in Our Service?

  • Review of your foreign financial assets
  • Assessment of your reporting requirements
  • Preparation of Form 8938 (FATCA)
  • Integration with your U.S. tax return
  • Secure online document exchange
  • Specialist support throughout

FBAR vs FATCA – What's the Difference?

Many people confuse FBAR reporting with FATCA reporting, but they are separate requirements.

Feature

FBAR (FinCEN Form 114)

FATCA (Form 8938)

  • Filed with
  • Part of tax return?
  • Reports
  • Separate filing?
  • Required for everyone?
  • FinCEN (U.S. Treasury)
  • No
  • Foreign financial accounts
  • Yes
  • Depends on account balances
  • IRS
  • Yes
  • Financial assets
  • No
  • Only if IRS thresholds are met
Why choose Clear Expat Tax?
  • Specialists in U.S. expat tax
  • Clear, practical advice
  • Secure online process
  • Ongoing support
  • 100% U.S. expat tax focused
Clear Expat Tax - Specialists in U.S. taxes for Americans abroad.
9m americans living abroad secure icon

9M

Americans Living abroad

us expat tax - over 100 countries served icon

100+

Countries represented

us expat tax - over 1000 Americans helped icon

10+

Years of expat experience

us expat tax - 100% US tax focussed icon

100%

U.S. tax focused

Do You Need to File Form 8938?

You may need to file if you are a U.S. citizen or Green Card holder and the total value of your specified foreign financial assets exceeds the IRS reporting threshold on the last day of the tax year or at any time during the year.
Examples of reportable assets may include:
  • Bank and savings accounts
  • Investment accounts
  • Brokerage accounts
  • Certain pension and annuity accounts
  • Cash value insurance policies
  • Other financial assets held outside the U.S.
We’ll review your situation and confirm what applies to you.

Our Simple Process

Clear Expat Tax US filing abroad step 1 - share your situation

Share your situation

Answer a few questions about your life and finances abroad.

Clear Expat Tax US filing abroad step 2 - we Prepare Your Return

We prepare your return

Our U.S. tax experts prepare your return and handle the calculation.

Clear Expat Tax US filing abroad step 3 -review and approve your tax return

Review and approve

You review your return and we make any updates before filing.

Clear Expat Tax US filing abroad step 4 - we efile with the IRS

We file for you

We e-file your return and provide year-round support.

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Ready to Get Your Reporting Right?

We’ll help you understand your obligations, prepare your forms accurately and keep you compliant with confidence.
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Frequently Asked Questions

Yes, the United States taxes based on citizenship, not residency. All U.S. citizens and Green Card holders must file annual U.S. federal tax returns if their worldwide income exceeds the minimum filing thresholds.

The Foreign Earned Income Exclusion (Form 2555) allows qualifying U.S. expats to exclude up to an annually adjusted threshold ($120,000+) of foreign earned income from U.S. federal income tax.

The Foreign Tax Credit (Form 1116) provides a dollar-for-dollar credit against your U.S. tax liability for foreign income taxes paid to your host country on foreign-source income.

If the total aggregate value of your foreign financial accounts exceeds $10,000 at any point during the calendar year, you must file an FBAR (FinCEN Form 114).

Yes! We specialize in the Streamlined Foreign Offshore Procedures, helping you get fully caught up on past-due U.S. tax returns and FBARs penalty-free.

We assist digital nomads, freelancers, and international business owners with self-employment tax strategies, totalization agreements, and foreign entity reporting.

Yes, we guide clients through repatriation tax planning, unwinding foreign tax structures, re-establishing state residency, and transferring international assets.

We offer transparent, flat-fee pricing with no surprise charges. Contact us for a customized fee schedule tailored to your specific tax situation.

International U.S. tax rules are highly complex. Working with dedicated expat Enrolled Agents ensures you maximize tax savings while remaining 100% compliant.

Absolutely. We use bank-level 256-bit encryption, strict access controls, and secure client portals to ensure your financial data is protected.