Friday, April 13, 2012

Foreign Bank Account Report FBAR


Reply To: Larry Rubenstein <checkbookirapanama@gmail.com>


Form TD  F 90-22.1 states

"A US person that has signature authority over financial accounts, must file a FBAR if the value exceeds $10,000 at any time during a calender year" By June 30th of the year immediately following the calender year being reported.The June 30th filing date may not be extended.
EXCEPTIONS.
"An owner of an IRA is not required to report a foreign financial account held in the IRA'

IIIIf you have an IRA in the US please visit our website @ www.checkbookirapanama.com 
or call 6424-9909 before it's too late


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