Discussion:T.D. F 90-22.1: Report of Foreign Bank and Financial Account.

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Revision as of 18:43, 11 September 2009

Discussion Forum Index --> Advanced Tax Questions --> T.D. F 90-22.1: Report of Foreign Bank and Financial Account.
Discussion Forum Index --> Tax Questions --> T.D. F 90-22.1: Report of Foreign Bank and Financial Account.

Stcpa (talk|edits) said:

11 September 2009
I hope this is the right section. I chose "Advanced" because not many people file this form. But the question is simply procedural.

I have a client that's required to file TD F 90-22 by the Extended deadline of Sept. 23rd. I only became aware of the obligation recently.

However, I need to provide an explanation as to why my client is filing late. I was wondering what "reasonable causes" are being used on the attachments. I was thinking something along the lines of "My client reported and paid tax on all his taxable income but only recently learned of his FBAR filing obligation." I do not know if this will suffice. Any advice is greatly appreciated.

Thanks in advance, stcpa

JAD (talk|edits) said:

11 September 2009
Stcpa, did you see Notice 2009-62? Your deadline may be extended, and based upon the request for comments, I wonder if the final filing requirement will change.