Form Td F 90-22.1 - Report Of Foreign Bank And Financial Accounts Page 7
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Form TD F 90-22.1 (Rev. 1-2012)
Page
(3) An officer or employee of an Authorized Service Provider is not
period of 5 years from June 30th of the year following the calendar year
required to report signature authority over a foreign financial account
reported and must be available for inspection as provided by law.
that is owned or maintained by an investment company that is
Retaining a copy of the filed FBAR can help to satisfy the record
registered with the Securities and Exchange Commission. Authorized
keeping requirements.
Service Provider means an entity that is registered with and examined
An officer or employee who files an FBAR to report signature authority
by the Securities and Exchange Commission and provides services to
over an employer's foreign financial account is not required to
an investment company registered under the Investment Company Act
personally retain records regarding these accounts.
of 1940.
Questions. FBAR help is available by telephone or e-mail. Call
(4) An officer or employee of an entity that has a class of equity
866-270-0733 (toll-free within the U.S.) or 313-234-6146 (from outside
securities listed (or American depository receipts listed) on any United
the U.S., not toll-free) from 8 a.m.—4:30 p.m. Eastern time, or e-mail
States national securities exchange is not required to report signature
your inquiry to FBARquestions@irs.gov.
authority over a foreign financial account of such entity.
Explanations for Specific Items
(5) An officer or employee of a United States subsidiary is not required
to report signature authority over a foreign financial account of the
Part I — Filer Information
subsidiary if its United States parent has a class of equity securities
listed on any United States national securities exchange and the
Item 1. The FBAR is an annual report. Enter the calendar year being
subsidiary is included in a consolidated FBAR report of the United
reported. If amending a previously filed FBAR, check the “Amended”
States parent.
box.
(6) An officer or employee of an entity that has a class of equity
Item 2. Check the box that describes the filer. Check only one box.
securities registered (or American depository receipts in respect of
Individuals reporting only signature authority, check box “a”. If filing a
equity securities registered) under section 12(g) of the Securities
consolidated FBAR, check box “d”. To determine if a consolidated
Exchange Act is not required to report signature authority over a foreign
FBAR can be filed, see Part V. If the type of filer is not listed in boxes “a”
financial account of such entity.
through “c”, check box “e”, and enter the type of filer. Persons that
Trust Beneficiaries. A trust beneficiary with a financial interest
should check box “e” include, but are not limited to, trusts, estates,
described in section (2)(e) of the financial interest definition is not
limited liability companies, and tax-exempt entities (even if the entity is
required to report the trust's foreign financial accounts on an FBAR if
organized as a corporation). A disregarded entity must check box “e”,
the trust, trustee of the trust, or agent of the trust: (1) is a United States
and enter the type of entity followed by “(D.E.)”. For example, a limited
person and (2) files an FBAR disclosing the trust's foreign financial
liability company that is disregarded for United States federal tax
accounts.
purposes would enter “limited liability company (D.E.)”.
United States Military Banking Facility. A financial account maintained
Item 3. Provide the filer's United States taxpayer identification number.
with a financial institution located on a United States military installation
Generally, this is the filer's United States social security number (SSN),
is not required to be reported, even if that military installation is outside
United States individual taxpayer identification number (ITIN), or
of the United States.
employer identification number (EIN). Throughout the FBAR, numbers
should be entered with no spaces, dashes, or other punctuation. If the
Filing Information
filer does NOT have a United States taxpayer identification number,
complete Item 4.
When and Where to File. The FBAR is an annual report and must be
received by the Department of the Treasury on or before June 30th of
Item 4. Complete Item 4 only if the filer does NOT have a United States
the year following the calendar year being reported. Do Not file with
taxpayer identification number. Item 4 requires the filer to provide
federal income tax return.
information from an official foreign government document to verify the
filer's nationality or residence. Enter the document number followed by
File by mailing to:
the country of issuance, check the appropriate type of document, and if
Department of the Treasury
“other” is checked, provide the type of document.
Post Office Box 32621
Item 5. If the filer is an individual, enter the filer's date of birth, using the
Detroit, MI 48232-0621
month, day, and year convention.
If an express delivery service is used, file by mailing to:
Items 9, 10, 11, 12, and 13. Enter the filer's address. An individual
IRS Enterprise Computing Center
residing in the United States must enter the street address of the
ATTN: CTR Operations Mailroom, 4th Floor
individual's United States residence, not a post office box. An individual
985 Michigan Avenue
residing outside the United States must enter the individual's United
Detroit, MI 48226
States mailing address. If the individual does not have a United States
The FBAR may be hand delivered to any local office of the Internal
mailing address, the individual must enter a foreign residence address.
Revenue Service for forwarding to the Department of the Treasury,
An entity must enter its United States mailing address. If the entity does
Detroit, MI. The FBAR may also be delivered to the Internal Revenue
not have a United States mailing address, the entity must enter its
Service's tax attaches located in United States embassies and
foreign mailing address.
consulates for forwarding to the Department of the Treasury, Detroit, MI.
Item 14. If the filer has a financial interest in 25 or more foreign financial
The FBAR is not considered filed until it is received by the Department
accounts, check “Yes” and enter the number of accounts. Do not
of the Treasury in Detroit, MI.
complete Part II or Part III of the FBAR. If filing a consolidated FBAR,
No Extension of Time to File. There is no extension of time available
only complete Part V, Items 34-42, for each United States entity
for filing an FBAR. Extensions of time to file federal tax returns do NOT
included in the consolidated FBAR.
extend the time for filing an FBAR. If a delinquent FBAR is filed, attach a
Note. If the filer has signature authority over 25 or more foreign financial
statement explaining the reason for the late filing.
accounts, only complete Part IV, Items 34-43, for each person for which
Amending a Previously Filed FBAR. To amend a filed FBAR, check the
the filer has signature authority, and check “No” in Part I, Item 14.
"Amended" box in the upper right hand corner of the first page of the
Filers must comply with applicable recording keeping requirements.
FBAR. Complete the form in its entirety and include the amended
See Record Keeping Requirements.
information. Do not attach a copy of the original FBAR. An amendment
should not be made until at least 120 calendar days after the original
Part II — Information on Financial Account(s) Owned
FBAR is filed.
Separately
Record Keeping Requirements. Persons required to file an FBAR must
Enter information in the applicable parts of the form only. Number the
retain records that contain the name in which each account is
pages used, and mail only those pages. If there is not enough space to
maintained, the number or other designation of the account, the name
provide all account information, copy and complete additional pages of
and address of the foreign financial institution that maintains the
the required Part as necessary. Do not use any attachments unless
account, the type of account, and the maximum account value of each
otherwise specified in the instructions.
account during the reporting period. The records must be retained for a
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