What is the FBAR filing deadline for 2017?

New FBAR Deadline- Effective in 2017


FinCen has announced a new filing date for the FBAR (FinCEN Form 114). The due date has now been changed from June 30th to April 15th 2017 for the 2016 tax year to coincide with the Federal Income tax filing date. An extension of six months, for an October 15th filing completion date has been automatically granted.

https://www.irs.gov/uac/rda-2017-01-11-2016-fincen-form-114

US persons are required to file an FBAR if:
  1. The US person has either a financial interest in, or signature authority over at least one financial account located outside of the US.
  2. The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.

The following are considered US persons:
  • US citizens
  • US residents
  • Green card holders
  • Individuals electing non-resident status under a tax treaty
  • Entities which include: Corporations, Partnerships, Limited Liability Corporations, Trusts or Estates formed under the laws of the US.
For more information on the FBAR see the below links:

What is an FBAR?

FBAR- what should a non-compliant American do?


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