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Delayed FBAR filing for signatory authority

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • June 16 2011

As reported in our prior client alerts, the Report of Foreign Bank and Financial Accounts, Form TD-F 90-22.1 (“FBAR”) must be filed by a U.S. person that holds a financial interest in, or signature or other authority over, a foreign financial account if the aggregate value of all such U.S. person’s foreign financial accounts exceeds $10,000 at any time during the year

IRS issues preliminary guidance on the application of the Foreign Account Tax Compliance Act

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • September 24 2010

On August 27, 2010, the Internal Revenue Service (the IRS) issued Notice 2010-60 (the "Notice") establishing the framework for forthcoming regulatory guidance implementing the withholding and reporting provisions of the Foreign Account Tax Compliance Act ("FATCA"

Some pension plans must file FBARs by June 30, 2010

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • June 9 2010

The deadline for filing the Report of Foreign Bank and Financial Accounts, Form TDF 90-22

Proposed regulations exempt taxpayers from FBAR reporting for interests in offshore private equity and hedge funds until further guidance is issued

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • March 3 2010

On February 26, 2010, the Treasury Department published long-awaited, revised proposed regulations clarifying which taxpayers will be required to file the Report of Foreign Bank and Financial Accounts, Form TD F 90-22