THE FBAR DEADLINE IS COMING – JUNE 29!

Reminder: The U.S. government has become increasingly concerned about, and focused on, offshore tax evasion.  One tool the government has to combat tax evasion is the Report of Foreign Bank and Financial Accounts (TD F 90-22.1, commonly referred to as FBAR).

The due date for the 2011 FBAR is June 29, 2012.  Under the law, the FBAR must be received by Treasury by June 30.  However, unlike income tax filings, the FBAR due date is not extended to the next business day when the deadline falls over a weekend, as is the case in 2012.