FBAR, FATCA & Form 8938: The Expat Reporting Survival Guide
This session will break down complex filing rules and highlight where costly mistakes commonly occur.
John brings over 16 years of financial planning experience from his tenure at Merrill Lynch, TD Ameritrade, and independent planning firms in the Bay Area. He holds both CFP and GFP designations, and earned his BS in Psychology from the University of Iowa, with minors in Philosophy and French.
John is an intensely creative professional who is energetic in the application of modern financial planning principles in the service of his clientele. Currently, John is co-located in Lisbon, Portugal, and San Francisco, California. His family lives in Lisbon, and they enjoy exploring continental Europe, meeting new friends, and learning new languages.
Ryan brings over a decade of industry experience with both the big Wall Street firms, as well as hedge funds and private equity where he played a leading role. He studied Economics at San Francisco State University and the University of Washington. He holds designations from the American College of Financial Services, as well as the Digital Asset Council of Financial Professionals.
Ryan's guiding principle is Clients First: He is passionate about serving as financial advocate for his clients in both in the creation and protection of wealth. He currently resides in the North Bay with his partner, Nicole. When he is not working with clients, he enjoys bicycling and rock climbing, amateur carpentry & farming, and serving as a youth mentor within local organizations.
In this webinar, John McNertney, CFP® GFP Fellow, Managing Partner, and Ryan Ahrens, CBDA®, CIO/Partner of Green Ocean Global Advisors, LLC will review the key reporting requirements impacting U.S. expats and globally mobile clients. This session will break down complex filing rules and highlight where costly mistakes commonly occur.
Some of the relevant issues that will be addressed include:
- FBAR (FinCEN Form 114) Requirements
- When foreign financial accounts exceed $10,000 in aggregate value, what must be reported, how to file through the BSA E-Filing System, and the significant penalties tied to non-compliance.
- FATCA (Form 8938) Thresholds and Filing
- How to determine when specified foreign assets exceed reporting thresholds, how FATCA differs from FBAR, and how filings integrate with Form 1040.
- PFIC Reporting (Form 8621) Risks
- Why common foreign investments like ETFs, managed funds, and REITs can trigger PFIC classification, and the potential for punitive taxation, ongoing reporting complexity, and extended IRS exposure.
- Foreign Trust Reporting (Forms 3520 / 3520-A)
- How certain foreign retirement structures, including self-managed superannuation funds, may be classified as foreign trusts and what reporting obligations and penalties apply.
- Key Deadlines and Penalty Exposure
- Important filing timelines, automatic extensions, and a breakdown of penalties ranging from $10,000 minimums to percentage-based fines tied to account balances and undisclosed assets.
We hope you can join us!
Absolutely! These sessions are for you. Bring your questions and participate during the Q&A.
Not at all. These webinars are designed for all planning to move to Portugal, not just clients of Green Ocean Global.
It’s all good. We will record the webinar and send the recording link.
Certainly. Just give them this website address and ask them to register.