Reminder: FBAR Deadline – October 15, 2018

The due date for filing Form 114, Report of Foreign Bank and Financial Accounts (“FBAR”) for accounts maintained during calendar year 2017, was April 17, 2018. Filers who did not file their 2017 FBARs by April 17, 2018, received an automatic extension to Monday, October 15, 2018. The April 17 due date was two days later than the original April 15 due date, as that was a weekend day and a District of Columbia legal holiday, which provided FBAR filers additional time to timely file Forms 114. Although the original due date was postponed by two days, the automatic six-month extension is calculated from the original due date. Consequently, this year’s automatically extended due date is October 15.

U.S. Expatriate FBAR Filing Deadline

The same FBAR due date applies to all filers regardless of whether you are a U.S. entity or U.S. individual. In particular, U.S. individuals who extended their personal income tax filing deadline to December 17, 2018, because of their expatriate filing status should be aware their FBAR filing deadline remains October 15, 2018.

Hurricane Florence Victims FBAR Filing Deadline

The FBAR due date has been extended for victims of Hurricane Florence until January 31, 2019, the same extension date of federal tax returns that are due after September 7, 2018, and before January 31, 2019. This extension is offered to any area designated by the Federal Emergency Management Agency (“FEMA”) as qualifying for individual assistance.