FBAR Filings for Offshore Fund Investors
25 Jun 2009
Roger J. Baneman,
Peter H. Blessing,
Michael B. Shulman,
C. Jones Perry, Jr.
A U.S. person with either a financial interest in, or signature or other authority over, a financial account in a foreign country generally is required to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), for any calendar year in which the aggregate value of that account exceeded $10,000. For the 2008 calendar year, the form is due on June 30, 2009, but the IRS released guidance yesterday that provides some taxpayers with an extended deadline of September 23, 2009 if those taxpayers file additional information along with the FBAR.
Click here to view memo, FBAR Filings for Offshore Fund Investors
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