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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.