Reports Due by the End of June
Every U.S. person that had a financial interest in, or signature
or other authority over, a foreign financial account during 2013
must electronically file with the U.S. Treasury Department a
Financial Crimes Enforcement Network ("FinCEN") Form 114,
Report of Foreign Bank and Financial Accounts ("FBAR"),
if the aggregate value of such foreign financial account(s)
exceeded USD $10,000 at any time during 2013. This form replaces
the U.S. Treasury Form TD F 90-22.1 that was required in years
past. If an FBAR for 2013 is required, it must be filed
electronically with the Treasury Department on or before June 30,
2014. This deadline cannot be extended.
In your determination of whether you have an FBAR filing
obligation, you should consider the following definitions, which
apply to both individuals and entities for FBAR purposes:
