Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-24-2013, 09:49 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Closing date to Report Foreign Bank Accounts-June 30th 2013!

Individuals and businesses having a bank account or any other type of financial account with a bank or financial institution outside the United States need to file a special report with the U.S. Treasury Department if the aggregate balance of all accounts is at least $ 10,000 at any time throughout the year.

The report which is called Report of Foreign Bank and Financial Accounts (FBAR), is due on or before June 30th 2013 to disclose the account holdings for the year 2012.

As this time June 30th is a Sunday, make sure you submit your FBAR ahead of the deadline ,so that the document is received at the Detroit FBAR processing center. Using a delivery provider which provides timely delivery with return receipt service should be preferred to ensure that it has reached the office.
If you wish to use the United States Postal Service then you can mail it to the below address:

United States Department of the Treasury
P.O. Box 32621
Detroit, MI 48232-0621


In case you are using a private delivery service, use the following address:
IRS Enterprise Computing Center

ATTN: CTR Operations Mailroom, 4th Floor
985 Michigan Avenue
Detroit, MI 48226


Taxpayers should be aware that this is the last year when you can file FBAR on paper. From July 1, 2013 the Treasury Department will have an electronic FBAR filing system.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Date of Closing for deducting closing costs sllauber Itemized Deductions 3 12-27-2012 03:17 PM
How long should "account holders" or taxpayers reporting a FBAR report, retain records of the foreign accounts? TaxGuru Filing Requirements 0 08-15-2011 11:55 PM
The Foreign Account Tax Compliance Act (FATCA), requires Foreign Financial Institutions to report to IRS all financial accounts held by US Taxpayers! TaxGuru General 0 07-03-2011 05:08 PM
IRS Reminds Taxpayers to Report Certain Foreign Bank & Financial Accts by June 30! TaxGuru For 2008 0 06-19-2008 12:37 PM
IRS requires taxpayers report whether or not they have a Foreign Bank account! TaxGuru For 2008 0 05-05-2008 06:21 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.