Delinquent FBAR on Mutual Fund

Question

Nov 3, 2009, 07:36 PM

twoflower

New Member

Join Date: Nov 2009

Posts: 1

Delinquent FBAR on Mutual Fund

I have a mutual fund in Australia since 1999

I plan to file a delinquent FBAR before June 30, 2010 (per IRS instructions for the "commingled" funds)

I wonder whether I should file a separate form for all the years since 1999 or the single 2008 form will be sufficient. The "mutual fund" term was only added since 2008

I also know that many Americans with the foreign mutual fund investments were not rutinely filing the FBAR prior to 2008

Answers

Nov 4, 2009, 09:04 AM	#2

AtlantaTaxExpert Senior Tax Expert Join Date: Feb 2005 Location: Atlanta, Georgia Posts: 13,322	File only the one FBAR for 2008.

Nov 7, 2009, 07:19 AM	#3

IntlTax Tax Expert Join Date: Sep 2006 Posts: 684	Wait until the additional guidance comes out and see what it says. Then make the decision.

Similar Sponsors

Thread Tools

Show Printable Version

Email this Page

Similar Threads

mutual fund
(0 replies)

Mutual Fund
(2 replies)

LIC Mutual fund
(0 replies)

Mutual Fund
(0 replies)

Search this Thread

Advanced Search

Bookmarks



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!