Thursday, June 6, 2013

Bellevue Tax Law | FBAR Deadline is June 28th

I wanted to post a quick reminder that your 2012 FBAR, Form TD F 90-22.1 is due on June 28, 2013. This is because the June 30th land on a Sunday and the form must be received by June 30th, thus the Friday before the due date.  

Another reminder is that the form must arrive at the office by June 28, not be mailed by the 28th, so make sure you mail the FBAR four or five days ahead of time.  

The penalties failing to file the FBAR are steep.  If you have any type of foreign account and do not think you are required to file; at least contact someone to verify that you are correct.

As with everything related to the IRS, it is difficult to provide comprehensive information related to taxes on the web.  Please do not rely on this article without consulting your tax professional.  If you are unsure about whether you have a requirement to file this form contact a tax professional.