Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts
If you had a financial interest in (or authority over) any foreign financial accounts or holdings whose combined total value exceeded $10,000 at any time during the tax year, you are required to file Form TD F 90-22.1: Report of Foreign Bank and Financial Accounts (FBAR) with the Department of Treasury. The form must be received by the IRS by June 30th of the following year.
Form TD F 90-22.1 is filed separately from your tax return and is mailed to the Department of Treasury – not the IRS. This form cannot be e-filed; TurboTax will provide complete mailing instructions once you complete the form.
Here's how to complete Form TD F 90-22.1:
- Open your tax return.
- Click the Federal Taxes tab (Personal tab in the Home & Business version), and then click Other Tax Situations right below it.
- At the bottom of your screen, in the Other Tax Forms section, click Start (or Update) next to Miscellaneous Tax forms.
- Select Prepare a report on foreign bank and financial accounts and click Start (or Update).
- Follow the on-screen instructions.