The user determines if they need to file FBAR or Form 5472 based on their account balances and entity structure, receiving clear thresholds and official regulatory sources to verify their compliance status.
The agent gathers high-level facts about the user's foreign accounts (e.g., aggregate peak value) or foreign-owned US entity status. It uses check_fbar_fatca or check_5472_obligation to screen for filing triggers. The agent reviews the output for threshold comparisons and official FinCEN or IRS references. It explicitly checks that no sensitive PII like SSNs or account numbers were included in the prompt, as the server does not store them. The agent presents the screening result as a general guideline, advising the user to verify against official guidance.
- Category: Finance and payments
- Effect: Read-only
- MCP servers: Arc & Ledger Tax Reference MCP (https://koskamo.com/explore/arc-ledger-tax-reference-mcp)
- Source: Arc & Ledger Tax Reference | Directory MCP Documentation (https://www.arcandledger.com/mcp/directory/)
- Source quote: "Each result includes a plain-language limitation, an official IRS or FinCEN source, and a reminder to verify the result before acting."
- Playbook page: https://koskamo.com/explore/use-cases/screen-fbar-and-foreign-entity-filing-obligations
Prompt: Do foreign accounts with a $12,000 combined peak create an FBAR issue? Also, screen for common Form 5472 filing triggers for a foreign-owned US entity.