Deadline for Foreign Bank Account Recording Approaching Soon

The form needs to be received by the IRS no later than June 30th to be considered timely filed.  

There is no special provision providing for the postmark date to be considered as the filing date. All Title 31 forms are considered filed on the day they are received, not when they are postmarked.

There appears to be no provision in the bank secrecy act allowing for the postmark date to be considered the filing date, as there is in the income tax law.

A publication on filing the FBAR forms is about to be released by IRS momentarily. 

As always if you have any questions don't hesitate to contact Cristina Wolff.

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