FinCEN Clarifies FBAR Due Date for Calendar Year 2017
The Financial Crimes Enforcement Network (FinCEN) reminds filers that the annual due date for filing the Report of Foreign Bank and Financial Account forms (FBARs) is April 15. The FBAR filing deadline follows the Federal income tax due date guidance, which notes that when the Federal income tax due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. Accordingly, the due date for FBAR filings for foreign financial accounts maintained during calendar year 2017 is April 17, 2018, consistent with the Federal income tax due date this year. Filers who fail to file their 2017 calendar year FBAR by April 17, 2018, have an automatic extension up to October 15, 2018.