IRS deadline approaches for account reports

AMERICAN readers should be aware that a deadline for US tax filing requirements on the reporting of foreign bank accounts is fast approaching. The form TDF 90-22.1 "Report of Foreign Bank and Financial Accounts" is due to be filed on or before June 30, 2002 for accounts in 2001.

The form is required to be filed by American taxpayers (entities and individuals - citizens, tax residents and US green card holders) who own or have signatory authority over foreign (that is, not based in the US) bank or security accounts where at any moment in time during the year the sum of the funds in those accounts exceeded $10,000.

While the above requirements have existed for a long time, the US Treasury Department has made it clear that filing this form has become a priority (presumably related to the current terrorism problems) and penalties are now likely to be imposed for non-filing (or late filing) of the form.

Forms are available on the Internet at http://www.irs.ustreas.gov

Get daily Slovak news directly to your inbox

Top stories

News digest: Former state secretary describes the corruption at courts

Schools will definitely not open on Monday. Coronavirus vaccine could be available starting in mid-December. Slovakia joins campaign to fight violence against women.

The Presidential Palace lit in orange, to support the Orange the world! campaign.

Pass a Slovak language dictation so you can work with foreigners

The draft migration policy proposal is out. Where does a foreigner find the official, certified list of cultural realities and traditions they are supposed to respect?

Some problems with the Foreigners’ Police continue.

One in five women has experienced violence

The situation is far from satisfactory, said President Čaputová.

Secret votes and public lies

There are uncanny echoes today of Slovakia’s agonies over its choice of chief prosecutor ten years ago.

Dobroslav Trnka (left) and Jozef Čentéš (right), the candidate who was eventually selected by MPs in 2011, never got to take up the post because the then president, Ivan Gašparovič refused to appoint him for reasons that were never clearly explained.