If you have a client with one or more foreign bank or financial accounts exceeding $10,000 in value, you must file a Report of Foreign Bank Account(s) (FBAR) by June 30. Reports must be filed electronically through the BSA E-Filing System using FinCEN Report 114.
For e-filing questions or help, call the BSA E-Filing Help Desk at 866-346-9478 or e-mail BSAEFilingHelp@fincen.gov.
- FBAR: The US government just made it easier for you to confess (valuewalk.com)
- Finance Friday: IRS Reminds Those with Foreign Assets of U.S. Tax Obligations (vaned.typepad.com)