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New Due Date for FBARs Consistent with the federal income tax dates

Categories Tax Tips (Fed)

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 Highway Act, which also mandates an extension of the filing deadline. To implement the statute with minimal burden to the public, FinCEN will grant filers failing to meet the FBAR due date of April 15 an automatic extension to October 15 each year. Accordingly, specific requests for this extension are not required.

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.

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