U.S. and Italian reporting: FBAR and Quadro RW

Reporting obligations run in both directions. These guides cover the U.S. side (FBAR) and the Italian side (Quadro RW) of the same accounts.

The most common cross-border mistake is reporting one side and assuming the other follows. FBAR and Quadro RW have different filers, different thresholds, different deadlines and different penalty regimes — and the same bank account often appears in both.

Where a filing has been missed, the order of the remediation matters more than the speed: we map the years, the accounts and the exposure before anything is filed.

Publications in this topic

• FBAR Penalties for Italians: Willful vs Non-Willful (2026) — How FBAR penalties actually work in 2026: the willful vs non-willful distinction, recent Supreme Court guidance, the Streamlined Filing Compliance Procedures, and what Italians wit
• FBAR 2026: The Complete Guide for Italians with US Assets — Who must file the FBAR (FinCEN 114), the deadlines, the penalties for omission, and how the FBAR interacts with the Italian Quadro RW for Italian residents with US accounts in 2026

Related services

• FBAR Compliance for Italians with US Assets — FBAR (FinCEN 114) preparation, Quadro RW coordination and voluntary disclosure advisory for Italian residents with US accounts.
• Quadro RW & IVAFE for Italians with US Assets — Complete Italian foreign-asset reporting for residents with US LLCs, accounts, securities and real estate. Quadro RW + IVAFE + IVIE.

Publications by topic

• U.S. LLCs and corporate structure — Everything we publish on U.S. company structure for Italian founders and investors — from the first filing to the ongoing obligations most people discover too late.
• U.S. and Italian reporting: FBAR and Quadro RW — Reporting obligations run in both directions. These guides cover the U.S. side (FBAR) and the Italian side (Quadro RW) of the same accounts.
• Italy–USA tax compliance — The largest part of our published work: how the two tax systems overlap, where relief actually exists, and which positions have to be documented before they are claimed.
• Social security between Italy and the United States — Contribution years earned on one side of the Atlantic are not lost — but they only count if the coordination is claimed correctly and in time.
• U.S. property and cross-border inheritance — Property and inheritance are where a structure set up years earlier either works or becomes expensive. These guides cover both sides of that moment.
• Moving, visas and Italian litigation — Immigration and litigation both start with a deadline. These guides set out what has to exist before the filing, not after.

Where we work — office and areas served

U.S. and Italian reporting: FBAR and Quadro RW is handled from our Florida practice for Italian clients living in the United States and in Italy: office in St. Petersburg (Pinellas County, Tampa Bay), assistance across Florida — including Miami and South Florida — and remotely throughout Italy.

Physical office (by appointment): IIILEX International Consulting LLC, 7901 4th St N STE 300, St. Petersburg, FL 33702, US · +1 (786) 604-8763 · +39 335 344 9660 · us@3lex.us

Areas served

• St. Petersburg and Pinellas County, Florida (physical office)
• Tampa, Clearwater and the wider Tampa Bay area
• Miami, Miami-Dade, Fort Lauderdale/Broward and Palm Beach (South Florida)
• Orlando, Naples, Sarasota and the rest of Florida
• United States nationwide, remotely (federal tax and cross-border matters)
• Italy: Milan, Rome, Turin, Bologna, Naples and the whole country, remotely

Office hours: Monday to Friday, 09:00–18:00 (US Eastern Time). Italian clients are also served in the Italian morning window (CET). Working languages: Italian and English.

Consultations are held online (video call) or in person at the St. Petersburg office. Documents are exchanged securely by e-mail.

---

Next step — book a 45-minute online consultation

Book a consultation (USD 250 · 45 minutes) · Send a contact request

About the firm

IIILEX International Consulting LLC is the Florida-based practice of Avv. Dott. Massimo Leonardi — Italian-qualified Attorney (Avvocato), Dottore Commercialista and Statutory Auditor (Revisore Legale), qualified in Italy, with 30+ years of Italian practice. We work exclusively on cross-border matters between Italy and the United States, in coordination with licensed U.S. professionals for matters of U.S. law.

IIILEX International Consulting LLC · 7901 4th St N STE 300, St. Petersburg, FL 33702 · us@3lex.us · +1 (786) 604-8763 · +39 335 344 9660

Versione italiana

Massimo Leonardi is admitted to practice law in Italy and is not admitted to practice law in Florida or elsewhere in the United States. He is qualified in Italy as Dottore Commercialista and Revisore Legale and is not a U.S. Certified Public Accountant. IIILEX International Consulting LLC provides cross-border consulting and Italian legal and tax advisory services. Matters requiring advice on U.S. or Florida law are handled in coordination with appropriately licensed U.S. professionals.