If you haven’t yet submitted your 2010 Foreign Bank Account Report (FBAR), make sure you use the latest version of Form TD F 90-22.1. The form should mention “Rev. March 2011” in the upper-left-hand corner.
If you enjoy reading very technical articles, the final regulations were also made available earlier this year.
Calendar year 2010 FBAR’s must be received (not postmarked) by the Department of Treasury no later than June 30, 2011. An FBAR must generally be filed by a United States person that has a financial interest in or signature authority over foreign financial accounts, if the aggregate value of these accounts exceeds $10,000 at any point in the year.