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.
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 NOW and schedule a consultation with our experienced international tax firm to determine whether you are required to file an FBAR.