Haefele Flanagan

 

 The Haefele Flanagan Newsletter

August 2011

  

IRS and FinCEN Extend FBAR Deadline

for Certain Filers

  

The deadline for filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), for persons with no financial interest in a foreign financial account, but with signature or other authority over that account for 2009 or earlier calendar years, has been extended to November 1, 2011. The IRS and the Financial Crimes Enforcement Network (FinCEN) were recently informed that individuals who have signature authority over, but no financial interest in, foreign financial accounts are having difficulty compiling the information needed to file complete and accurate FBARs. The deadline for reporting signature authority over, or a financial interest in, foreign financial accounts for the 2010 calendar year remains June 30, 2011.

    

If you have any questions about these or any tax developments, please contact Fred Schutz at 856-722-5300 ext. 201 or Dave Gill at ext. 210.

 

 

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