This course provides a foundational overview of foreign asset and account reporting obligations under the Foreign Account Tax Compliance Act (FATCA) and the Bank Secrecy Act's FBAR requirements. Designed for tax professionals, it introduces the key concepts, thresholds, and filing requirements associated with FinCEN Form 114 (FBAR) and IRS Form 8938. Participants will learn how to distinguish between foreign financial accounts and foreign financial assets, identify who must file and when, and understand the implications of noncompliance-including recent court decisions and evolving regulatory positions on virtual currency and foreign pensions. Although introductory in scope, the course includes up-to-date statutory references, real-world examples, and practical tips to help practitioners navigate these complex reporting obligations with confidence.