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Archive for FBAR Deadline

IRS Reminds Foreign Bank And Financial Account Holders The FBAR Deadline Remains April 15

IRS Reminds Foreign Bank And Financial Account Holders The FBAR Deadline Remains April 15

The Internal Revenue Service is reminding U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.

The extension of the federal income tax filing due date and other tax deadlines for individuals to May 17, 2021, does not affect the FBAR requirement.

However, filers missing the April 15 deadline will receive an automatic extension until October 15, 2021, to file the FBAR. They don’t need to request the extension.

Who Must Report

The Bank Secrecy Act requires U.S. persons to file a FBAR if they have:

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