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FBAR Filing Reminders for the Upcoming June 30 Deadline
Posted by Robert Kerr on Wed, Mar 16, 2016 @ 08:00 AM

The deadline for filing the Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is rapidly approaching. Introduced in September 2013 by the Financial Crimes Enforcement Network (FinCEN), the Form 114 FBAR helps monitor U.S. persons’ activity in foreign bank accounts.

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Topics: Robert Kerr, FBAR

Reminders for FBAR Filing for the Upcoming June 30 Deadline
Posted by Robert Kerr on Wed, Mar 25, 2015 @ 01:33 PM

114 Electronic Filing Requirement

In September 2013, the Financial Crimes Enforcement Network (FinCEN) introduced Form 114, Report of Foreign Bank and Financial Accounts (FBAR). Form 114 is still required to be submitted to FinCEN before June 30, but it now must be filed electronically by using a registered tax software program or by using the Bank Secrecy Act (BSA) E-filing System: http://bsaefiling.fincen.treas.gov/main.html. The electronically filed Form 114 replaces Treasury Department Form 90-22.1, which was paper filed with FinCEN in previous years.

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Topics: Robert Kerr, FBAR

Notable Changes to FBAR Filing for the Upcoming June 30 Deadline
Posted by Robert Kerr on Thu, May 29, 2014 @ 09:23 AM

New Form 114 Electronic Filing Requirement

In September 2013, the Financial Crimes Enforcement Network (FinCEN) introduced Form 114, Report of Foreign Bank and Financial Accounts (FBAR). Form 114 is still required to be submitted to FinCEN before June 30, but it now must be filed electronically by using a registered tax software program or by using the Bank Secrecy Act (BSA) E-filing System. The electronically filed Form 114 replaces Treasury Department Form 90-22.1, which was paper filed with FinCEN in previous years.

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Topics: Robert Kerr, FBAR, Form 114

FBAR Must be Received by June 30; E-filing Mandatory Thereafter
Posted by Michael Corrente on Thu, Jun 13, 2013 @ 09:04 AM

Taxpayers with certain signature authority over or financial interest in foreign accounts must annually file Treasury Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (“FBAR”). The FBAR must be received by June 30, which means that anyone who needs to submit should be in the process of preparing and sending their paperwork, if they haven't already.

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Topics: Michael Corrente, FBAR, Foreign Bank and Financial Accounts

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