FinCEN is extending FBAR filing relief to taxpayers who -- due to the terrorist attacks -- may be unable to meet a tax-filing or tax-payment obligation . . . including FBAR filings.

The Financial Crimes Enforcement Network (FinCEN) extended filing deadlines for foreign bank and financial accounts reports (FBAR) for people in federally declared disaster areas of four hurricanes ...

FBAR filings for calendar year 2023 would otherwise be due on or before October 15, 2024. Your rule of thumb: FinCEN deadlines for FBAR filings will be the same as the IRS deadlines.

The Report of Foreign Bank and Financial Account, or FBAR, is an annual informational tax report that must be filed by certain U.S. individuals and legal entities to report their foreign bank accounts ...

FinCEN allows for an automatic six-month extension for FBAR filers that fail to submit a report by the deadline. After this point, financial penalties might be imposed for non-compliance.

The U.S. FinCEN may soon require crypto owners to file annual FBARs, and with it, the tax code is becoming more and more complicated.

However, FinCEN intends to propose to amend the regulations implementing the Bank Secrecy Act (BSA) regarding reports of foreign financial accounts (FBAR) to include virtual currency as a type of ...

Approximately six months later, FinCEN delegated the authority to assess FBAR penalties to the IRS. The American Jobs Creation Act of 2004 significantly changed the FBAR penalty regime.

The FBAR filing requirement is not part of filing a tax return. The FBAR Form 114 is filed separately and directly with FinCEN. FBAR filings have surged in recent years, according to data from FinCEN.