Persons having signature authority over, but no financial interest in, a foreign financial account 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 FBARs with respect to those accounts. The deadline for reporting signature authority over, or a financial interest in, foreign financial accounts for the 2010 calendar year remains June 30, 2011.Readers may be interested in this post from Caplin and Drysdale International Tax Alert: Recent Developments Relating to FBARs and Offshore Voluntary Disclosure Program (June 6, 2011).
Thursday, June 16, 2011
Pre-2010 FBAR Filing Extension to 11/1/11 for Signatories Only (6/16/11)
The IRS has previously granted an FBAR filing extension until 6/30/11 for signatories only with respect to foreign accounts. Today, the IRS granted a further extension until 11/1/11. See IRS Notice 2011-54. The guts of the notice is: