5/31/12

Report of Foreign Bank and Financial Accounts (FBAR), Form TD F 90-22.1, is due June 30, 2012 

This form is used to report a financial interest in a foreign financial account, or signature authority over a foreign financial account.  You are required to file this form if the aggregate value of your foreign accounts exceeds $10,000 at any time during the calendar year. 

These forms were prepared with your 2011 tax returns, provided we were given the information to complete them at that time.  Completed forms for you to print and sign would have been uploaded to your portal or mailed to you along with the applicable instructions.

The FBAR form must be paper filed.  Therefore, it would not have been electronically filed with your tax returns.  Please review your records to confirm that you have paper filed this form.  If the form has not been submitted, please file the form before June 30, 2012.  Please be advised that timely filing in this case means received by the Department of the Treasury no later than June 30, 2012. As a reminder, this form holds with it significant penalties for not filing.  

 If you think you may have a filing requirement and have not had this form prepared, please contact us and we will be able to assist you.  If you need a new copy of the FBAR form for filing, please let us know and we will send you a new copy with instructions.  We will be happy to answer any other questions you may have regarding the FBAR filing requirements.