If I have $13,000 in savings in a foreign account, and over $50,000 in overdraft, do I have to file an fbar?

Yes. Forget about the over-draft portion, the $13,000 BY ITSELF requires submission of the FBAR for 2011.

This assumes the $13,000 was the MAXIMUM balance of the foreign saving account; the reporting threshold is $10,000.

You need to download the FBAR form (TD F 90-22.1), complete it, SIGN it and FEDEX it to the IRS office in Detroit, Michigan, because the 2011 FBAR MUST be in the IRS' hands by close of Business this Friday (the IRS office will NOT be open Saturday to accept mail), and there are NO extensions to this deadline.

The address for couriers can be found on Page 7 of the 8-page TD F 90-22.1.