The FBAR is dead! Abolished; it is Deceased. Small hurrah!

Goodbye TD F 90-22.1 - Hello FinCEN 114!

Our dear old friend the FBAR is being re-cooked by those guys at the US Treasury. The Form TD F 90-22.1 we have all truly loved and (some have) worshiped since the early 1970s will die this year. By the New Year, it will be no more.

Like a phoenix it will though be re-born – to be known as new shiny FinCEN 114! Don’t say you did not know!

Editor’s Note

FBARs are hot news; whatever the darn form number! This is an annual return required by US persons reporting accounts held outside the United States (or signature authority over accounts outside the United States). It comes with annoyingly huge possible penalties if filed late or incorrectly so should never be ignored.

Add comment
Log in or register to post comments
This blog

American Tax Returns Ltd is a leading firm of dually US and UK qualified tax advisers which prepares both US and UK tax returns and provides sensible practical “joined-up” American and British tax advice; all for a simple fee agreed before starting. The firm is led by David Treitel, one of the best known dually US and UK qualified tax advisers in the UK who serves at committee level with both the ICAEW and the CIOT, the UKs leading professional accounting and tax bodies.

 

Clients include people from all walks of life where there is an American connection. The kind of people we take care of is truly diverse ranging from academics, entrepreneurs and expatriate employees to those of independent wealth as well as many who are now retired but find that tax has never quite gone away! While most of our clients are up to date, we can and do frequently handle any worries that come from being behind with tax returns.

 

We specialise in helping make US and UK tax easily understandable for those in the UK. Tax returns can be complicated, confusing, time-intensive and even a tiny bit scary. With over thirty years of practical experience there are simply no forms that we won’t help you to complete, no questions that we can’t answer and no tax that we can’t help you save. No wonder we are often called “the tax expert’s expert”!

 

david.treitel@americantaxreturns.co.uk
Tel: 020 3542 6330
Mobile: 07411 603 220