The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a notice to clarify the deadline for filing “Reports of Foreign Bank and Financial Accounts” (FBAR) for the 2019 calendar year.
According to an FinCEN release (October 16, 2020):
The second FinCEN release states that FBAR filers who file their 2019 calendar year FBAR by October 31, 2020, will be deemed to have timely filed. Normally, the deadline would have been October 15, 2020.
Lastly, FBAR filers affected by the natural disasters continue to have until December 31, 2020, to file their FBARs.
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