The firm’s original four partners were engaged primarily in a burgeoning real estate practice. While our real estate practice and deep-rooted involvement in that industry remains an integral component of the firm, we have grown alongside the dynamic needs of our clients and community at large. Today, the firm’s lawyers advise clients on almost every aspect of business: from copyrights and trademarks to high-stakes, high-profile litigation; from complex commercial and residential real estate issues to wealth management; from labor and employment law to healthcare; from capital raising and entity formation to corporate growth and expansion locally, nationally and internationally.
If you have a foreign bank account (or signatory authority on a foreign bank account), you are required to file a Form 114 (commonly called an FBAR)
United StatesFinance and Banking
If you have a foreign bank account (or signatory authority on a
foreign bank account), you are required to file a Form 114
(commonly called an FBAR) if at any point during the calendar year
the combined balance in all of your foreign accounts exceeds
$10,000. Failure to file the FBAR can result in hefty penalties and
even criminal charges. I previously discussed FBARS here.
Why am I bringing this up again? Because the filing deadline was
moved from June 30th to April 15th, and the government
granted all filers an automatic 6 month extension to October
15th. So if you have not filed your FBAR yet, make sure
you do so before October 15th. The form is filed
electronically here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
See More Popular Content From
Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.
