FBAR Filing Deadline Extended Until June 30, 2010 in IRS Notice 2009-62
August 11, 2009In Notice 2009-62, the Internal Revenue Service (IRS) extends the deadline to file a Report of Foreign Bank and Financial Accounts form (FBAR) for the 2008 calendar year until June 30, 2010, for persons with (i) signature authority over, but no financial interest in, a foreign financial account or (ii) a financial interest in, or signature authority over, a foreign commingled fund. This guidance is a welcome development that should provide significant relief for many.
In addition to extending the deadline, the IRS also makes another call for comments on the FBAR filing rules and extended the deadline to comment through October 6, 2009. If you would like to participate in additional comments, please contact either of the attorneys listed to the left.
Notice 2009-62 and our memorandum summarizing the Notice is available below.
