FinCEN Extends Certain FBAR Filing Deadlines

The Financial Crimes Enforcement Network ("FinCEN") extended the due date for certain Report of Foreign Bank and Financial Accounts ("FBAR") filings. The extension reflects FinCEN's proposal to expand and clarify the exemptions for certain U.S. persons with signature or other authority over foreign financial accounts. Because the proposal is not yet finalized, FinCEN is providing an extension of the due date for filings to April 15, 2018 for individuals whose due date for reporting signature authority was extended previously by Notice 2015-1. This extension applies to the reporting of signature authority held during the 2016 calendar year, as well as all reporting deadlines extended by previous Notices 2015-1, 2014-1, 2013-1, 2012-1 and 2012-2, along with Notices 2011-1 and 2011-2. For all other individuals with FBAR filing obligations, the due date for filings is still April 15, 2017.