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Deadline for FBAR Filing Pushed Back Again

Requirement covers all employees who were signatories on foreign financial accounts at any time since 2010; procrastinating this year increases effort next year.

By Susan Kelly | Updated on January 14, 2015
The federal government has once against extended the deadline for filing the Report of Foreign Bank and Financial Accounts (FBAR) form for employees who are signatories on a company’s foreign bank accounts, but have no financial interest in those accounts.

The Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury, announced late last year that it had pushed the deadline, which had been June 30, 2015, back to June 30, 2016.

Consultants say that despite the extension, many companies are going ahead and filing the reports.

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