IRS allows some taxpayers more time to report their offshore accounts.

Taxpayers who have signature authority over an account but no financial interest in it now have until November 1, 2011 to file Treasury Form 90-22.1 for 2009 and earlier years.

"The filing deadline for the 2010 year is not being extended and for the time being is still June 30, 2011. The August 31 deadline to sign up for the IRS offshore disclosure program isn’t affected."

Source.