Tag Archives: BSA

The FBAR Has Changed

Posted on October 3, 2013 by Russ

Tax professionals can now file FBARs (Form TD F 90-22.1) for clients. We have to have our client sign Form 114a authorizing the preparer to efile the FBAR. Today, when I went to file an FBAR for a client, I … Continue reading →

Posted in International | Tagged , , | Comments Off on The FBAR Has Changed

I Haven’t Filed my FBAR. What Should I Do?

Posted on July 7, 2013 by Russ

It’s July 7th, and you suddenly realize that you haven’t filed your FBAR. You print it up, and have a letter of explanation, but: You can’t file an FBAR using paper (it must be electronically filed using the BSA efile … Continue reading →

Posted in International | Tagged , , | Comments Off on I Haven’t Filed my FBAR. What Should I Do?

Mandatory efiling of FBARs Effective July 1st

Posted on June 28, 2013 by Russ

Effective July 1st, all FBARs–Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts–must be efiled. You must use the BSA efile system to efile FBARs. This includes amended FBARs. (One exception would appear to be individuals coming into … Continue reading →

Posted in IRS | Tagged , , | Comments Off on Mandatory efiling of FBARs Effective July 1st