Multinationals and their officers and employees should pay attention to 2011 foreign bank account reporting on FBARs and tax returns

The June 30, 2012, deadline for filing Form TD F 90-22.1 Report of Foreign Bank and Financial Accounts (“FBAR”) for 2011 is imminent, and U.S. and foreign multinationals, and their officers and employees, should pay attention to the reasonably complex foreign bank and financial account reporting issues.