June 19, 2008 - Phil Hodgen

Reminder for US taxpayers with offshore accounts

June 30 is the deadline to file your annual “show and tell” about all the offshore bank accounts over which you have signature authority. The IRS used a quaint 20th Century device called a “press release” to remind you about filing your disclosure form.

Form TD F 90-22.1 is what you use. (Warning: PDF).

The IRS FAQ about reporting foreign bank accounts is useful. Read it if you have questions.

A bit of advice: if you MIGHT be someone who has to file this form, and you get a brainstorm with a staggeringly clever trick so you don’t “technically” have to file–check your clever idea by talking to someone whose brain is not infected with your thinking. 🙂

US Real Estate Investments Voluntary Disclosure