Because you only keep it by giving it away (hmmm, heard that somewhere, lived that way, turned out to be true, so…) here is how you can file your delinquent FBAR (Form TD F 90-22.1) by FedEx, DHL, or UPS. Your street address is: IRS Detroit Computing Center Attn: FBAR Mail Room, 4th Floor 985 [...]
It brings to mind Emily Litella. “Never mind,” says the IRS. The IRS just announced that — despite the changes to the FBAR instructions made effective January 1, 2009 — nonresidents do not have to file Form TD F 90-22.1. Only citizens, U.S. residents, and domestic entities need to do so. Announcement 2009-51 Temporary Suspension [...]
Undeclared foreign bank accounts. It’s a common question. “I have this foreign bank account, but I haven’t been declaring it by filing Form TD F 90-22.1.? [PDF] What should I do?” The short answer is clean it up. All of it. First things first. Form TD F 90-22.1 is commonly known as an FBAR, for [...]
