Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency FinCEN Notice 2020-2 Currently, the Report of Foreign Bank and Financial Accounts (FBAR) regulations do not define a foreign account holding virtual currency as a type of reportable account. (See 31 CFR 1010.350(c)). For that reason, at […]
Estimated reading time: 1 minute
FinCEN Further Extends FBAR Deadline for Certain Financial Professionals The Financial Crimes Enforcement Network (FinCEN) today announced a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking FinCEN issued on March 10, 2016, which proposes to […]
Estimated reading time: 30 seconds
FBAR Clarification October 15, 2020 An October 14, 2020 posting on the BSA E-Filing website implied a filing extension for all Report of Foreign Bank and Financial Accounts (FBAR) filers until December 31, 2020. The extension until December 31, 2020 is only available for victims of recent natural disasters: Link: FinCEN FBAR Relief […]
Estimated reading time: 26 seconds
FinCEN Provides FBAR Relief to Victims of Recent Natural Disasters Filers Have Until December 31, 2020 to File The Financial Crimes Enforcement Network (FinCEN) announced today that victims of the California Wildfires, the Iowa Derecho, Hurricane Laura, the Oregon Wildfires, and Hurricane Sally have until December 31, 2020, to file Reports of Foreign […]
Estimated reading time: 34 seconds
FBAR Filing Requirement for Certain Financial Professionals FinCEN Notice 2019-1 Extended Filing Date Related to Notice 2018-1 The Financial Crimes Enforcement Network (FinCEN) is announcing a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking (NPRM) […]
Estimated reading time: 2 minutes
FBAR Filing Requirement for Certain Financial Professionals FinCEN Notice 2018-1 Extended Filing Date Related to Notice 2017-1 The Financial Crimes Enforcement Network (FinCEN) is announcing a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking (NPRM) […]
Estimated reading time: 2 minutes
Notice September 26, 2018 FinCEN Provides FBAR Relief to Victims of Hurricane Florence; Parts of North Carolina Now Eligible; Extension Filers Have Until January 31, 2019 to File WASHINGTON –– FinCEN announced today that Hurricane Florence victims in affected areas of North Carolina have until January 31, 2019, to file […]
Estimated reading time: 2 minutes
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 […]
Estimated reading time: 1 minute
FBAR Filing Requirement for Certain Financial Professionals FinCEN Notice 2017-1 Extended Filing Date Related to Notice 2016-1 The Financial Crimes Enforcement Network (FinCEN) is announcing a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking (NPRM) […]
Estimated reading time: 3 minutes
FinCEN Provides FBAR Relief to Victims of the California Wildfires; Parts of California Now Eligible; Extension Filers Have Until January 31, 2018 to File WASHINGTON –– FinCEN announced today that California wildfire victims in affected areas of California have until January 31, 2018, to file their Report of Foreign Bank and Financial Accounts […]
Estimated reading time: 2 minutes