US citizens or greencard holders with foreign financial accounts
For those US citizens or greencard holders with foreign financial accounts there are new FBAR reporting requirements for 2013 declarations.
There is now a new online filing system and a new FinCEN form 114 which can be accessed at: http://www.fincen.gov/forms/bsa_forms/
The filing deadline remains at June 30 following the calendar year-end being reported. There are no exceptions to this deadline, regardless of extensions granted to file a tax return.
Severe penalties will be imposed for failure to file.
Note: some taxpayers may also be required to file form 8938 with their tax return.