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William Perez

Foreign Bank Account Reports Due June 30th

By June 26, 2012

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The filing deadline for Foreign Bank Account Reports (FBAR) is Saturday, June 30, 2012. Unlike tax returns while must be postmarked by the deadline, FBARs must be actually received by the Treasury Department on or before June 30th. And since June 30th is a Saturday, filers should aim to have their FBARs delivered to the Treasury on or before Friday, June 29th.

FBARs can be mailed through the US Postal Service to the Detroit processing center. Priority mail usually takes two days to deliver, and Express mail can deliver overnight. The mailing address is:

Department of the Treasury

P.O. Box 32621

Detroit, MI 48232-0621

If you are using a private delivery service such as DHL, Fedex or UPS, the mailing address is:

IRS Enterprise Computing Center
ATTN: CTR Operations Mailroom, 4th Floor
985 Michigan Avenue
Detroit, MI 48226

(313) 234-1062

The FBAR can also be filed electronically directly on the Treasury Department Web site. Be aware that only the filer can submit their FBAR electronically. Tax professionals and accountants and attorneys are not permitted to file FBARs electronically on behalf of their clients.

Americans living abroad may be able to hand deliver their FBARs to U.S. Embassy or Consulate for forwarding to the Treasury. Call the embassy or consulate ahead of time to see if they offer this service.

FBARs can also be hand-delivered to any local IRS office including IRS offices abroad, and they will forward the FBAR for processing. If you do hand-deliver your FBAR, be sure to ask for a stamped receipt copy as proof of filing.

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