Back to top

Blog

Click here to go back

Due Date for Report of Foreign Financial Accounts

Posted by Mike C Posted on June 11 2013
Taxpayers with an interest in or signature authority over any foreign financial accounts with an aggregate value that exceeded $10,000 at any time during 2012 are required to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) with the Treasury Department by 6/30/13. No extension of time to file is available and a penalty of up to $10,000 can be imposed for each failure to file.

Add New Comment