Automatic Six-Month Extension Now Available to All FBAR Filers

On December 16, 2016, the Treasury Department announced that the new annual due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts has been changed to April 15 to coincide with the Federal income tax filing season. In order to implement the statute with minimal burden to the public and FinCEN, filers failing to meet the FBAR annual due date of April 15 may take advantage of an automatic extension to October 15 each year. Accordingly, specific requests for this extension are not required.