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US: Calendar year 2019 FBARs extended to 31 October

20 October 2020

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Tax Alerts, National/Federal Taxation, Information Reporting, Legislation & Policy

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United States

In response to concerns over taxpayer reliance on an earlier communication, on 16 October 2020, FinCEN formally issued a notice extending 2019 calendar-year FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) filings to 31 October 2020. The filings were previously due on 15 October 2020, as automatically extended from 15 April 2020.On 14 October 2020, FinCEN erroneously posted a sweeping relief notice on its Bank Secrecy Act (BSA) e-filing website stating: “The FBAR deadline for Federal tax year 2019 has been moved from 15 Oct 2020 to 31 Dec 2020. If you have any questions regarding this notice, please contact the BSA E-Filing Help...