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You are here: Home / Taxation Law / International Tax Law / International Tax Attorney Minnesota Minneapolis / FBAR Electronic Filing

FBAR Electronic Filing

December 7, 2011/in International Tax Attorney Minnesota Minneapolis, Legal Notes /by Manager

On July 18, 2011, the Financial Crimes Enforcement Network (FinCEN) announced that it has developed an electronic filing system that will accept Form 114 formerly Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (commonly known as “FBAR”).  Once the FBAR is filed electronically, the filers will receive an acknowledgment of each report filed.

At this point, the system can only accept one digital signature per FBAR.  This means that, in order to take advantage of e-filing, each spouse must file a separate FBAR.

E-filing does not render paper FBAR forms obsolete.  In fact, until further notice is provided by FinCEN, paper FBARs will still be accepted.

Contact Sherayzen Law Office to Determine Whether You Need to File an FBAR

Failure to file a required FBAR may result in heavy penalties and extensive legal expenses.  Therefore, contact Sherayzen Law Office to schedule a consultation with our experienced international tax firm to determine whether you are required to file an FBAR.

Tags: FBAR lawyer Detroit, FBAR lawyers Portland, FBAR lawyers Seattle, FBAR tax attorney Baltimore, FBAR tax attorney Philadelphia, foreign account lawyers Minneapolis, foreign accounts disclosure lawyers Austin, foreign accounts disclosure lawyers Seattle
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http://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.png 0 0 Manager http://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.png Manager2011-12-07 23:31:502024-11-01 18:52:31FBAR Electronic Filing
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