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Monthly Archives: February 2014

Delinquent FBARs – Form TDF 90.22.1 Is Replaced By Form 114!

On September 30, 2013, FinCEN posted, on their internet site, a notice announcing FinCEN Form 114, Report of Foreign Bank and Financial Accounts (the current FBAR form). FinCEN Form 114 supersedes TD F 90-22.1 (the FBAR form that was used in prior years) and is only available online through the BSA E-Filing System website.On July…
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IRS Criminal Investigation Issues Annual Report

  The Internal Revenue Service today announced the release of its IRS Criminal Investigation (CI) Annual Report for fiscal year 2013, reflecting significant increases in enforcement actions against tax criminals and a robust rise in convictions, including identity theft. CI investigates potential criminal violations of the Internal Revenue Code and related financial crimes in a…
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Additional FATCA Guidance Submitted for Publication.

Regulations revising and further clarifying the final FATCA regulations under chapter 4 have been submitted to the Office of the Federal Register for publication. Regulations to coordinate the FATCA regulations under chapter 4 with the withholding and information reporting rules under chapters 3 and 61, and section 3406 have also been submitted to the Office…
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