Archive | June, 2012

FBAR – Revised Form TD F 90-22.1

June 07, 2012  |   Posted by :   |   FATCA/FBAR   |   0 Comments

In October 2008, the IRS issued a revised version of TD F 90-22.1 “Report of Foreign Bank and Financial Accounts (“FBAR”). The revised FBAR form states: “Do not use previous editions of this form after December 31, 2008”. All FBAR’s due for Tax Years 2008 (forward) and back year FBAR’s (unfiled) are to be reported […]

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FBAR – Failure to File Penalties

June 04, 2012  |   Posted by :   |   FATCA/FBAR   |   0 Comments

A willful violation of the Form TD F 90.22-1 requirements (i.e., failure to file Form TD F 90.22-­1, failure to supply information on the report, or filing a false or fraudulent report) could result in the imposition of civil and/or criminal penalties.  (The instructions for Form TD F 90.22-1 specifically provide that criminal penalties for […]

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