If you had/have financial interest or a signature authority over at least one financial account located outside of the United States and the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year, please contact us. You may need to file a Report of Foreign Bank and Financial Accounts. This reporting requirement applies to both citizens and resident aliens of the United States.  It also applies to all types of business entities, trusts and estates. 

This report must be filed regardless of whether the account produces taxable income, and the due date is June 30 of each year.  It is not filed with your U.S. Federal Income Tax return.