Ask Experts Questions for FREE Help !
Ask
    twoflower's Avatar
    twoflower Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 3, 2009, 08:36 PM
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Nov 4, 2009, 10:04 AM
    File only the one FBAR for 2008.
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #3

    Nov 7, 2009, 05:19 AM

    Wait until the additional guidance comes out and see what it says. Then make the decision.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Mutual Fund [ 2 Answers ]

What is Mutual Fund?

View more questions Search