"FBAR" refers to Form
114, Report of Foreign Bank and Financial Accounts. Your 2015 Form 114 must be
filed electronically with the Treasury Department no later than June 30, 2016.
No filing extension is available. Contact us at (518) 798-3330 if you need details or assistance.
Friday, June 3, 2016
REPORT YOUR FOREIGN ACCOUNTS BY JUNE 30
If you hold foreign bank or
financial accounts, or have signature authority over such accounts, and the
total value of all your accounts exceeds $10,000 at any time during the
calendar year, you may be required to file a Treasury Department report known
as the FBAR. It's easy to overlook this requirement because it's separate from
your federal income tax filing, with a different deadline and strict rules.
