The deadline to file the Foreign Bank Account Report (TD F 90-22.1, commonly known as the “FBAR”) for the 2010 calendar year is today: June 30, 2011.
Our office filed FBARs on behalf of six clients in June 2011 for the 2010 reporting year.
Debbie Robinson, Director of Business Development, called attention to a commentary by Kahn Litwin Renza (“KLR”), a large CPA firm with offices in Waltham, MA and Providence, RI. KLR has partnered with M. Robinson & Company, P.C. on marketing events. KLR notified readers of its website and email list that the IRS has extended the deadline for certain filers with signature authority by four months until November 1, 2011. This extension, announced in IRS Press Release IR-2011-54, applies to FBARs for financial services professionals for 2009 and earlier calendar years that were properly deferred in accordance with previously published rules. For details, please read: http://kahnlitwin.com/ARTICLES/IRS%20extends%20FBAR%20deadline%206-28-11%20(2).pdf