Tuesday, June 7, 2011

Don't forget to report your F-BAR (Foreign Bank Account Report) to the IRS! They are due June 30th, and if you miss the deadline they are subject to a 25% penalty!  There are no extensions for this form.  You can download the form from www.irs.gov and the form number is TD F 90-22.1 or type FBAR in the search window.  The form is your name and address, the bank name and address, the account number and the maximum amount in the account for the year. The penalty for late filing is based on the highest amount in the account.

No comments:

Post a Comment