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

Top stories

The interactive exhibition Elements of Art is dedicated to the 70th anniversary of the Žilina Music Conservatory on November 18, 2021.

Weekend: US basketball players score big in Slovakia

A potential Christmas present, one hike, nice sports stories, and more. Dive into reading this week's roundup.


26. nov

News digest: Employers finally get manual for employee Covid testing

Bratislava starts the Christmas season online and the refurbishment of one of the biggest fountains in Slovakia. Tatra ski resorts have switched on their snow-making machines.


26. nov
Christmas trees began appearing in the squares during the First Czechoslovak Republic and there is a touching Christmas story behind it.

Lockdown for just two weeks? Forget it, say experts

The experts advising the government expect some rules may lift before Christmas, but only for the vaccinated.


26. nov
Chicago Blackhawks right wing Marián Hossa prepares for a face off against the Florida Panthers during an NHL hockey game in March 2017.

The (in)conspicuous superstar that had to suffer to achieve great things: Marián Hossa

The Slovak hockey player has been inducted into the Hockey Hall of Fame.


25. nov
Skryť Close ad