An FBAR (FinCEN Form 114) is a report of foreign bank and financial accounts that must be filed annually by US persons who have over $10,000 in foreign financial accounts at any time during the calendar year.

Who needs to file an FBAR?

US citizens, residents, and entities who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year must file an FBAR.

What are the penalties for not filing an FBAR?

Non-willful FBAR violations can result in penalties of up to $16,117 per account. Willful violations can result in penalties up to $161,072 or 50% of the account balance at the time of the violation.

Privacy Policy

Last updated: January 1, 2026

1. Who We Are

Auditable.tax is operated by Auditable LLC, located in Orlando, Florida, USA. We provide electronic FBAR (FinCEN Form 114) filing services for individuals, expats, businesses, and tax preparers.

2. What Data We Collect

Identity data: First name, last name, middle initial, date of birth, SSN/ITIN/EIN
Contact data: Email address, phone number (optional)
Filing data: Foreign account numbers, institution names, balances, currencies, addresses
Technical data: IP address, browser user agent, timestamps
E-signature data: Typed name, IP address, timestamp (as legal signature equivalent)

3. How We Use Your Data

To prepare and transmit your FBAR filing to FinCEN via the BSA E-Filing SDTM protocol
To generate your Audit Defense Folder (filing record, Form 114a, rate snapshots)
To provide year-over-year account carryover functionality
To send filing status notifications and deadline reminders
To authenticate your account and prevent unauthorized access

4. Data We Send to FinCEN

We transmit only the XML data required by FinCEN Form 114. This includes your name, SSN, account details, and balances. We do not send bank statement PDFs, images, or any file attachments. FinCEN does not accept file attachments through the BSA E-Filing system.

5. Data We Do NOT Send to Third Parties

We do not sell your personal data
We do not share your data with advertisers
We do not transfer your data outside of the United States, except as required for FinCEN submission

6. Data Encryption & Security

At rest: SSNs, account numbers, and sensitive fields are encrypted using AES-256 at the application level
In transit: All connections use TLS 1.3
Authentication: Passwords are hashed using bcrypt (12 rounds). We never store plaintext passwords
Storage: Data is stored in encrypted MySQL databases and S3-compatible object storage (MinIO)

7. Data Retention

Filing data: Retained for 7 years (exceeds the 5-year FinCEN requirement)
Account data: Saved accounts retained until user deletes them
Audit logs: Retained for 7 years
Session data: JWT tokens expire after 24 hours

8. Your Rights (GDPR / CCPA)

If you are a resident of the European Union or California, you have the right to:

Access: Request a copy of all personal data we hold about you
Rectification: Request correction of inaccurate data
Erasure: Request deletion of your data (subject to FinCEN recordkeeping requirements)
Portability: Download your data in a machine-readable format via the Audit Defense Folder
Objection: Object to processing of your data for purposes beyond filing
Restriction: Request that we limit processing of your data

To exercise these rights, contact us at privacy@auditable.tax. We will respond within 30 days.

9. Cookies

We use only essential cookies for authentication (session tokens) and security (CSRF protection). We use Google Analytics with anonymized IP addresses to understand site usage. You may decline non-essential cookies via the cookie consent banner.

10. Data Breach Notification

In the event of a data breach affecting your personal data, we will notify you within 72 hours via email and take immediate steps to contain and remediate the breach, in compliance with GDPR Article 33.

11. Data Processing Agreement

By creating an account, you consent to the processing of your personal data as described in this policy. We act as a data processor on your behalf for the purpose of transmitting your FBAR filing to FinCEN. You are the data controller of your own filing information.

12. Contact

Auditable LLC
Orlando, FL, USA
Email: privacy@auditable.tax