RECENT CHANGE IN FBAR DUE DATE

Recent legislation will affect the due date for filing FinCEN Form 114. This is the annual form filed by folks with a financial interest in or signature authority over certain foreign financial accounts. Historically, the form has been due by June 30 following the end of the year in question.

Under the new law, for returns for tax years beginning after December 31, 2015, the due date will be the following April 15, with a six month extension available.