Taxpayers with foreign accounts whose aggregate value exceeded $10,000 at any time during 2013 must file electronically with the Treasury Department a Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts (FBAR). This form replaces FBAR form TD F 90-22.1. It is due to the Treasury Department by June 30, 2014, must be filed electronically and is available online through the BSA E-Filing System website.
For questions on this topic, contact Michael Vogel, CPA or John Rittichier, CPA at 800.880.7800.
