Alerts

New Extended Filing Date for Many FBAR Filings is June 30, 2010

August 10, 2009

The Internal Revenue Service (“IRS”) has now extended the filing date for certain Reports of Foreign Bank and Financial Accounts, (Form TD F 90-22.1) (“FBAR”), to June 30, 2010. According to IRS Notice 2009-62, the new extended filing date applies to (i) persons with signature authority over, but no financial interest in, a foreign financial account, and (ii) persons with a financial interest in, or signature authority over, a “foreign commingled fund”, such as a hedge fund or private equity fund organized outside the United States.