Today TaxMama® hears from Shelli in the TaxQuips Family Forum, with this concern. “Have any of you mastered how you will handle this year’s Electronic FBAR filing requirements for your clients? Is there software that will assist?” TaxMama Note: The FBAR form is for people who have or control financial assets outside the U.S. If […]
Tag Archives: fbar
The IRS has been busy this week, providing more time for financial professionals who had signature authority over clients’ overseas accounts through 2008 (before 2009) to catch up on reporting requirements to comply with FBAR disclosures. They now have until November 1, 2011. As a result of all the disasters in Missouri earlier this year, […]