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