Foreign Bank Account Regulations IV: TD F 90-22.1 Is Now Form FinCen 114!
As a reader of my blog, you probably know by now that if you have a financial interest in or signature authority over foreign financial account/ accounts, individually or the total which are $10,000 or more at any time during the calendar year, the Bank Secrecy Act requires you to report the account to the Internal Revenue Service. (More details on my post HERE)
On September 30th, 2013, the Financial Crimes Enforcement Network (FinCEN) made a very important change to the FBAR form which will effect it's filing for 2014.
What Are The Changes:
Becoming a BSA Filer: