Tax Alert

FBAR Deadline Extended for Certain Filers

(Oct. 7, 2011)

Pursuant to Internal Revenue Service (IRS) Notice 2011-54, the deadline for filing Report of Foreign Banks and Financial Accounts (FBARs) was extended until Nov. 1, 2011, for individuals with signature authority over, but no financial interest in, a foreign financial account in 2009 or earlier calendar years for which the reporting deadline was extended by Notice 2009-62 or Notice 2010-23. This extended deadline for reporting signature authority over foreign financial accounts only applies to calendar years prior to 2010.

FBARs subject to the Nov. 1 deadline should be mailed to the Detroit, Mich., IRS Center listed on the form instructions. Please note that these forms must be received by Nov. 1 in order to be considered timely filed. As such, there is an alternative mailing address listed on the instructions if an express delivery service is used.

For more information on this new extension, please contact John Kelleher at 630.586.5274 or, or any Crowe Horwath LLP’s tax professional.

Under U.S. Treasury rules issued in 2005, we must inform you that any advice in this communication to you was not intended or written to be used, and cannot be used, to avoid any government penalties that may be imposed on a taxpayer.

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John M. Kelleher