Skip to main content

Legal Update

FBAR: Deadline Approaches, Issues Remain for Employee Plans

27 May 2010
Mayer Brown Legal Update
The US Internal Revenue Service and the Financial Crimes Enforcement Network (“FinCen”) of the Department of Treasury issued guidance in February 2010, with respect to the “Report of Foreign Bank and Financial Accounts” (FBAR), in the form of proposed regulations that would expand and modify existing FBAR guidance, and Announcement 2010-16 and Notice 2010-23, which provide certain short term relief from the FBAR filing requirements under certain circumstances. We describe the guidance and discuss its application to employee benefit plan-related FBAR filings due June 30, 2010.


  • Debra B. Hoffman
    T +1 312 701 7219
  • Ryan J. Liebl
    T +1 312 701 8392
  • Maureen J. Gorman
    T +1 650 331 2015
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.