Running a business or managing investments internationally can create valuable opportunities. However, it also introduces complex tax compliance requirements that many individuals, freelancers, and entrepreneurs underestimate. Two of the most commonly overlooked obligations are FBAR and FATCA reporting requirements. Missing these filings can lead to severe penalties from the IRS and the U.S. Treasury Department. For individuals and small business owners working with foreign accounts or overseas assets, compliance mistakes are more common than most people realize. The good news is that accounting services, bookkeeping professionals, and international tax services specialists can often correct these issues before they escalate into major financial…