US tax preparation for Americans in Saudi Arabia
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How TFX can help
Expert team, no junior staff
At TFX, we have been preparing business tax returns for over 25 years. We never hire junior staff. No outsourcing, no middlemen: you’ll be working directly with an experienced (our average age is 42) CPA or EA who will handle your case from beginning to end.
Help & support
Aside from knowledge, convenience and security are what we value at TFX. And these key features are what our clients are thrilled with. Our best-in-class secure online portal makes TFX the top-rated tax firm (with an average score of 4.8/5 on Trustpilot).
Phone consultations
In addition to tax filing & compliance, TFX offers tax planning & phone consultations. Choose a convenient time & book directly in your client portal.
Transparent pricing
TFX pricing is transparent, which means you’ll always know what you pay for.
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Articles & tax guides
View all →FBAR (FinCEN Form 114) is the Report of Foreign Bank and Financial Accounts – a disclosure filed separately from your federal income tax return through FinCEN’s BSA E-Filing system, not with the IRS. If the aggregate value of your foreign financial accounts exceeds $10,000 at any time during the calendar year, you generally must file....
The IRS imposes a $10,000 initial penalty for not filing Form 5471 per foreign corporation, per annual accounting period – regardless of whether any tax is owed (IRC §6038(b)). If the failure continues after IRS notice, continuation penalties can push the total to $60,000 per form per year. The penalty multiplies across entit...
The Delinquent FBAR filing procedures historically covered an FBAR-only probl...