If you are a US citizen and hold foreign bank accounts abroad, or other accounts where you hold signature authority (abroad), you SERIOUSLY need to pay attention the 30 JUNE deadline to make FBAR disclosures to the Internal Revenue Service.
The penalties are SEVERE and there are NO extensions to file, NO excuses. With over seven million Americans living abroad and less than a million FBARs being reported, the IRS is paying attention.
Please take caution and get compliant with your FBAR filing obligations.
Best, Jason
