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.