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Treasury form which requires reporting of foreign bank accounts (commonly referred to as the FBAR). This form is now known as FinCEN 114. This form is now required to be prepared and submitted on-line. This form, if required, is filed separately from your tax return and you can complete it on your own. Or, we can prepare for your approval and electronically submit for you if you like and if you notify us in time. We will assume you will take care of this requirement on your own unless you ask us to prepare this for you. This form must be received by the authorities no later than October 15 each year or you may incur severe penalties. Please contact us if you have any questions. You can prepare and submit the FinCEN 114 form at this website: http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html (make sure to keep a copy of what you submitted for your records as well as proof of acceptance).
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