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Thread: new FBAR filing date (US financial reporting)

  1. #1
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    Default new FBAR filing date (US financial reporting)

    The filing date for FBAR has now changed to the same date as US tax returns, which is April 18 this year. (It was June 30.)

    We get an automatic 2 month extension for filing tax returns. https://www.irs.gov/individuals/inte...-aliens-abroad

    There's a 6 month extension available for FBARs now, which seems to also be an automatic extension:
    The new annual due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts is April 15. This date change was mandated by the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, Public Law 114-41 (the Act). Specifically, section 2006(b)(11) of the Act changes the FBAR due date to April 15 to coincide with the Federal income tax filing season. The Act also mandates a maximum six-month extension of the filing deadline. To implement the statute with minimal burden to the public and FinCEN, FinCEN will grant filers failing to meet the FBAR annual due date of April 15 an automatic extension to October 15 each year. Accordingly, specific requests for this extension are not required. (Please note: The due date for FBAR filings for foreign financial accounts maintained during calendar year 2016 is April 18, 2017, consistent with the Federal income tax due date.)
    https://www.fincen.gov/news/news-rel...e-date-fbars-0

    Happy form-filling everyone!

  2. #2
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    This is on the IRS site and seems to confirm that the April deadline is actually October

    The deadline for filing the annual Report of Foreign Bank and Financial Accounts (FBAR) is now the same as for a federal income tax return. This means that the 2016 FBAR, Form 114, must be filed electronically with the Financial Crimes Enforcement Network (FinCEN) by April 18, 2017. FinCEN will grant filers missing the April 18 deadline an automatic extension until Oct. 16, 2017 to file the FBAR. Specific extension requests are not required. In the past, the FBAR deadline was June 30 and no extensions were available.
    https://www.irs.gov/uac/newsroom/2016-tax-changes

  3. #3
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    An update/reminder about this year's filing dates -

    Income tax returns are due on 15 April with an automatic 2 month extension to 15 June. https://www.irs.gov/individuals/inte...-aliens-abroad
    The Foreign Earned Income Exclusion has increased to US$102,100.

    Report of Foreign Bank and Financial Accounts (FBAR) is due 15 April with an automatic extension to 15 October. https://www.irs.gov/businesses/small...-accounts-fbar

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