Readers are reminded that the Voluntary Disclosure program for offshore accounts and entities must be implemented by September 23, 2009. Because of the time it takes to receive account documents and other information from offshore sources, persons desiring to enter the program must move promptly. For further information on the initiative, see the blogs on our sister site, the Federal Tax Crimes Blog here. This link will automatically update for blog items added in the future.
Persons having the required signatory or other authority over an offshore account anytime in 2008 must file the 2008 FBAR by 6/30/2009. For further information on this filing see here.