Any United States person who has a financial interest in or signature authority over any financial account(s) located outside of the United States is required to file a Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year.  Report by 6/30/13. No extension of time to file is available and a penalty of up to $10,000 can be  asserted for each failure to file.

To comply with this law:

Answer FBAR-related questions on federal tax and information returns. For example:

• Check the block on Form 1040 Schedule B, Part III.
• Complete electronic version of Form TD F 90-22.1.
• E-File the form using the FinCEN electronic filing system available at: BSA E-Filing System.

The FBAR must be e-filed by June 30 of the year following the calendar year being reported.

For assistance complying with the law: 

Visit www.IRS.gov or BSA E-Filing System to view the electronic version of the FBAR and related information.

For assistance with completing the FBAR:

Call 866-270-0733 (for callers within the U.S.) or 313-234-6146 (for callers outside the U.S.). Questions regarding the FBAR can be sent to FBARquestions@irs.gov.