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USA - June 20 2011
On June 16, the Internal Revenue Service (IRS) issued Notice 2011-54, which provides that U.S. persons having signature authority over, but no financial interest in, foreign financial accounts in 2009 or earlier calendar years for which the reporting deadline was extended by Notice 2009-62 or Notice 2010-23 will now have until November 1, 2011 to file Foreign Bank and Financial Accounts (FBARs) with respect to those accounts.
USA - June 3 2011
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued Notice 2011-1 (the Notice) on May 31, providing a filing extension until June 30, 2012 for certain U.S. persons with signature authority over, but no financial interest in, foreign financial accounts of their employers and entities related to their employers, who are required to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).
USA - March 11 2011
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued final rules (RIN 1506-AB08) on February 24, 2011 regarding the requirements for certain U.S. persons to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) (the Final Regulations).
USA - December 23 2009
Yesterday the Financial Crisis Inquiry Commission (FCIC or the Commission), the bipartisan 10- member panel established by Congress to examine the causes of the financial crisis and the events surrounding the September 2008 financial market meltdown, announced the dates for its first public hearing, to take place at 9:00 a.m. on Wednesday, January 13 and Thursday, January 14, 2010 in Room 1100 of the Longworth House Office Building, in Washington, D.C.
