If you have foreign bank, savings, or investment accounts
that exceeded $10,000 in 2011, you are required to file "Treasury
Department Form 90-22.1" by June 30, 2012. This is not a form that you
file with your income tax return. Rather, it is a separate form filed with the
Treasury Department in Detroit .
The report must be received by the
Treasury Department, not postmarked,
by the June 30 due date. Penalties for failing to meet this filing requirement
are severe and can include jail time. Contact our office for details or filing
assistance.
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