Taxpayers have been struggling to comply with their reporting obligations for foreign financial accounts because of informal statements by IRS officials in June suggesting that the obligations were broader than previously thought. The IRS previously extended the June 30, 2009 filing deadline for the Report of Foreign Bank and Financial Accounts (the “FBAR”) to September 23, 2009.


This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.