By the iQTAXX tax team, 6360 S Rainbow Blvd, Suite 101, Las Vegas. Updated October 29, 2026.
Quick answer If you're a U.S. citizen, green card holder or U.S. tax resident in Las Vegas and your foreign bank and financial accounts added up to more than $10,000 at any time in the year, you must file an FBAR (FinCEN Form 114) electronically with FinCEN by April 15, with an automatic extension to October 15. If you're a nonresident alien with U.S.-source income, such as wages or taxable casino winnings, you file Form 1040-NR instead of Form 1040. Our fees depend on the forms your return needs. Call 702-871-7884 for a quote.
Call iQTAXX at 702.871.7884 to book (booking is by phone) · 6360 S Rainbow Blvd, Suite 101, Las Vegas, NV 89118
Key facts (checked October 29, 2026)
Many Las Vegas households with accounts in Armenia, Mexico, the Philippines, Canada or elsewhere have to file both. They are separate filings with separate thresholds.
Thresholds are from the IRS comparison of Form 8938 and FBAR requirements, checked October 29, 2026 (IRS). Accounts you only have signature authority over, such as an employer's or a parent's account, can also count for the FBAR (IRS FBAR page). Your return also asks about foreign accounts: Part III of Schedule B has questions about foreign accounts and trusts (IRS, About Schedule B).
U.S. citizens and resident aliens are taxed on worldwide income, even if they live abroad (IRS). Foreign wages, rent, interest and pensions go on your Form 1040. If you paid income tax to another country, the foreign tax credit (Form 1116) may reduce double taxation (IRS Foreign Tax Credit; About Form 1116). A tax treaty may change how some income is taxed (IRS tax treaties A to Z).
Sources: IRS residency rules, IRS Taxation of Nonresident Aliens, IRS Publication 519 and About Form 1040-NR. In the year you arrive or leave, you may be a dual-status alien, resident for part of the year and nonresident for the rest (IRS).
You meet the substantial presence test if you were physically present in the U.S. on at least 31 days during the current year and 183 days during the 3-year period, counting all days this year, 1/3 of the days last year and 1/6 of the days the year before (IRS Substantial Presence Test). Days as an "exempt individual" don't count, including many students on F, J, M or Q visas and teachers or trainees on J or Q visas who substantially comply with the visa (IRS).
This is the IRS's own example (IRS).
Casino winnings. Nonresident aliens are generally subject to a 30% tax on gambling winnings won in the United States unless a treaty exempts them. No tax is imposed on nonbusiness winnings a nonresident wins playing blackjack, baccarat, craps, roulette or big-6 wheel (IRS Publication 519). Residents of some treaty countries can recover part or all of the withholding by filing Form 1040-NR. See gambling winnings and W-2G tax help.
Seasonal and exchange workers. Wages from J-1 and other temporary jobs are U.S.-source income and usually go on Form 1040-NR. Whether treaty benefits apply depends on your country and visa.
Foreign owners of Las Vegas rentals. Rent from a Las Vegas property is U.S.-source income. See real estate investor tax in Las Vegas.
ITINs (referral only). If you must file but can't get a Social Security number, you may need an Individual Taxpayer Identification Number, applied for on Form W-7 (IRS ITIN). iQTAXX doesn't prepare ITIN applications; we refer them out.
The IRS offers the Streamlined Filing Compliance Procedures to taxpayers whose failure to report foreign income and file FBARs was non-willful, meaning due to negligence, inadvertence, mistake or a good-faith misunderstanding of the law (IRS Streamlined Procedures). The IRS lists the other options on one page (IRS options for undisclosed foreign financial assets). Penalties can apply for late FBARs. iQTAXX is a tax preparation office, not a law firm; if your situation may involve willful conduct or an IRS examination, you need an attorney, CPA or enrolled agent, and we tell you so up front. See also amended tax returns and IRS notice help.
Example numbers only, not a client and not a predicted result.
A Las Vegas resident has a savings account abroad with a highest 2026 balance of $6,000 and a checking account in another country with a highest balance of $5,000. Neither account is over $10,000, but the combined maximum is $11,000, so the 2026 FBAR must report both accounts by April 15, 2027 (automatic extension to October 15, 2027). Their combined value is far below the Form 8938 threshold, so Form 8938 isn't required. Our fees depend on the forms your return needs. Call 702-871-7884 for a quote. If they paid foreign tax on the interest, Form 1116 may apply; we quote that and the FBAR by phone before we start.
We confirm your price before we file. See how our tax preparation fees are determined.
Any U.S. citizen, green card holder or U.S. tax resident in Las Vegas whose foreign financial accounts added up to more than $10,000 at any time during the year. The balance is combined across all accounts, so two smaller accounts can trigger it.
April 15 after the calendar year, with an automatic extension to October 15. You don't request the extension. The FBAR is filed electronically with FinCEN, not with your tax return.
The FBAR goes to FinCEN when your combined foreign accounts exceed $10,000. Form 8938 goes to the IRS with your tax return and starts at more than $50,000 on the last day of the year or $75,000 at any time for an unmarried taxpayer in the U.S. Many people file both.
If you're not a U.S. citizen and you meet neither the green card test nor the substantial presence test, you're a nonresident alien and file Form 1040-NR for U.S.-source income. If you meet either test, you file Form 1040 and report worldwide income.
Sometimes. Nonresidents generally owe 30% on U.S. gambling winnings, but residents of some treaty countries can claim a refund of part or all of the withholding on Form 1040-NR. Nonbusiness winnings from blackjack, baccarat, craps, roulette and big-6 wheel aren't taxed for nonresidents.
iQTAXX helps Las Vegas clients with foreign income, the foreign tax credit, FBARs and Form 8938 from its year-round office at 6360 S Rainbow Blvd, Suite 101, Las Vegas, NV 89118. Booking is by phone at 702.871.7884.
Our fees depend on the forms your return needs. Call 702-871-7884 for a quote.
The IRS has procedures, such as the Streamlined Filing Compliance Procedures, for taxpayers whose failure was non-willful. If your case may involve willful conduct or an IRS examination, you need an attorney, CPA or enrolled agent, and we tell you before any work begins.
iQTAXX · 6360 S Rainbow Blvd, Suite 101, Las Vegas, NV 89118 · Serving Las Vegas year-round since 2008 · Call 702.871.7884 to book (booking is by phone; call for current hours) · Send us a question
iQTAXX is a tax preparation office, not a CPA firm, and does not give legal advice. This page is general information, not advice for your situation; iQTAXX makes no promise about any refund amount, savings or outcome. Tax figures are from IRS.gov and FinCEN.gov as of October 29, 2026. Fees are quoted by phone and confirmed before we file.
