FBAR: 2017 Deadline Update

by Katelyn Gibbs | Jan 5, 2017 | Updates | 0 comments

UPDATE:

FinCEN has released another FBAR filing extension as of December 16th 2016. This is an extension for INDIVIDUAL filers with signature authority over BUT NO FINANCIAL INTEREST in one or more financial accounts. The new time granted for these filers is April 15th, 2018 instead of April 15th, 2017. This continues an ongoing trend of revising the regulations implementing the Bank Secrecy Act in regard to FBAR.

Read the official release here: https://www.fincen.gov/news/news-releases/fbar-filing-requirement-certain-financial-professionals

Click HERE to see how Strategic Treasurer can help you with your Individual FBARs.

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Katelyn Gibbs is a compliance lead with Strategic Treasurer and has assisted clients with FBAR filing activities since joining the firm in 2013. She manages the group’s analysis activities and performs compliance and discrete filing. By managing the status of each individual’s filing throughout the entire process, she stays completely familiar with and up to date on the various requirements and FinCen updates for individual filing and filers.