The due date to file a 2019 Report of Foreign Bank & Account Report (FBAR) has been extended from October 15, 2020, to October 31, 2020.
On October 14, the Financial Crimes Enforcement Network (FinCEN) issued a notice advising taxpayers that the FBAR deadline was extended to December 31, 2020, for filers affected by recent natural disasters (the California and Oregon wildfires, Hurricanes Laura and Sally, and the Iowa Derecho). The agency then posted a message on its Bank Secrecy Act e-filing website that incorrectly stated the December 31 deadline was for all filers.
Because some FBAR filers may have missed the October 15 deadline by relying on this message, the agency extended the deadline.
Please contact Yeo & Yeo if you need assistance with your FBAR filing.