TDF 90-22.1 Filing: Report of Foreign Bank and Financial Accounts

If you have any foreign bank or financial accounts, the following info is worth a quick read.
Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (the “FBAR”), is used to report a financial interest in or signature authority over a foreign financial account. The FBAR must be received by the Department of the Treasury on or before June 30th of the year immediately following the calendar year being reported. The June 30th filing date may not be extended.
Who Must File an FBAR. A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. Please contact your CPA is you have any additional questions. 
In addition, when filing a Form 90-22.1, you may also be required to file a Form 8938 (Statement of Specified Foreign Financial Assets). To see the requirements and instructions for filing, click here.