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.

FinCEN says it 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, or may be unable to perform other ...

Victims of these recent natural disasters are granted an FBAR filing extension for the 2023 calendar year. Your rule of thumb: FinCEN deadlines for FBAR filings will be the same as the IRS ...

How FBAR requirements will interplay with new developments in financial markets, such as cryptocurrency, has yet to be seen. At least for now, FBAR reporting of cryptocurrency is not yet required. As ...

IRVINE, Calif., Jan. 4, 2023 /PRNewswire/ -- A Report of Foreign Bank and Financial Accounts (FBAR) is a yearly report submitted to the Financial Crimes Enforcement Network (FinCEN), according to ...

The U.S. FinCEN may soon require crypto owners to file annual FBARs, and with it, ... The FBAR filing requirement only applies to foreign accounts whose balances exceed $10,000 ...

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 Internal Revenue Service is reminding all taxpayers with a filing requirement for a foreign bank account report to report their foreign assets by the June 30 deadline. FBAR filings have risen ...