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IRS extends deadline for FBAR reporting requirements for hedge funds, private equity funds and similar commingled investments

  • Kilpatrick Townsend & Stockton LLP
  • -
  • USA
  • -
  • August 12 2009

On August 7, 2009, the IRS announced an extension of the deadline for the Report of Foreign Bank and Financial Accounts (“FBAR”) until June 30, 2010 for (1) U.S. persons with signature authority over, but with no financial interest in, a foreign financial account; and (2) for U.S. persons with a financial interest in a foreign commingled fund