Under the Bank Secrecy Act and applicable Treasury Regulations, U.S. persons generally must electronically file FinCEN Form 114, formerly Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (commonly referred to as an "FBAR"), by June 30 of the year following any year during which they possessed signature or other authority over, or had a financial interest in, foreign financial accounts whose aggregate value exceeded $10,000 at any time during such calendar year.
In July, 2013, the Financial Crimes Enforcement Network (FinCEN) mandated electronic filing of the FBAR, effective for calendar year 2013 and forward.
On December 17, 2013, FinCEN issued notice 2013-1 providing further extension of time to file Form TD F 90-22.1 for certain individuals whose filing due date was previously extended by Notices 2011-1, 2011-2, 2012-1, or 2012-2.
The Controller's Office has issued guidance and prepared certain parts of the FBAR for those Dartmouth personnel who have an FBAR filing requirement. FBAR forms for all years prepared by the Controller's Office must be received by the Department of the Treasury by June 30, 2014.
If you have any questions about your Dartmouth-related FBAR filing requirement, please contact Tax at Tax@Dartmouth.edu.
Last Updated: 2/11/14