FBAR Filers Get an Automatic 6-month Extension
The Financial Crimes Enforcement Network (FinCEN) has clarified the due date of 2017 Reports of Foreign Bank and Financial Accounts (FBARs). While 2017 FBARs are now due on Apr. 17, filers who miss this deadline are given an automatic extension until Oct. 15, 2018. Certain taxpayers with foreign accounts must file an FBAR, although it’s not a tax form and it’s not filed with the IRS. It’s filed with FinCEN, which is part of the U.S. Treasury Department. We can assist if you’re required to file.