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    jvpuzzledinca's Avatar
    jvpuzzledinca Posts: 2, Reputation: 1
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    #1

    Mar 16, 2010, 05:01 PM
    Penalty for delayed reporting foreign accounts
    What is the penalty for delayed reporting of foreign bank accounts on T D F 9022.1 form?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Mar 18, 2010, 05:35 AM

    For 2008 and 2009, the due date is June 30, 2010.
    jvpuzzledinca's Avatar
    jvpuzzledinca Posts: 2, Reputation: 1
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    #3

    Apr 3, 2010, 09:32 AM

    Thanks for your response. Does the requirement to file form TD F 9022.1 apply to local accounts in India (not NRO/NRE)?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    May 6, 2010, 11:41 AM
    Yes, if you are a U.S. citizen or resident alien.
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