FBAR: Extension to 2017
Blog Series: FBAR (Foreign Bank Account Report)
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Extension to 2017
For those of you who are individuals filing FBARs with signature authority over but no financial interest in the accounts, your due date for these individual FBARs is now April 15th, 2017.
For ALL other individuals (with financial interest in accounts, etc), the deadline remains June 30th, 2016. FBARs for individuals with signature authority over but no financial interest in accounts will need to be filed reaching back to 2010. Consolidated (corporate) FBARs have not been granted an extension, and needed to be filed by the June 30th, 2016 deadline.
Follow this link for the FinCEN release on this subject: https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar
Additionally, follow Strategic Treasurer on Twitter and LinkedIn to stay up-to-date with all FBAR filing updates. You can also join the discussion in our FBAR group here.
See the rest of the topics we’re covering and learn more with our FBAR & BAM Compliance Blog Series here.
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