If you have assets in a foreign account and the total value
exceeded $10,000 at any time, you must file the "Foreign Bank Account
Report" (commonly called FBAR) by June 28, 2013. The FBAR is an annual
information form, filed separately from your federal income tax return. The
2012 FBAR must be received by the Treasury Department by the deadline, not just
postmarked by that date. No filing extension is available, and penalties for
failing to file are steep. You may choose to file electronically. For details
or filing assistance, please contact our office at (518) 798-3330.
