Tuesday, April 13, 2021

IRS Reminds Taxpayers That FBAR Deadline Remains April 15 - However There Is An Automatic Extension to October 15

As an IRS practitioner you may have seen Issue Number IR-2021-83 Stating that the IRS reminds holders of foreign Bank accounts that the FBAR deadline remains April 15:

The FBAR is an annual report, due April 15 following the calendar year reported and the extension of the federal income tax filing due date and other tax deadlines for individuals to May 17, 2021, does not affect the FBAR requirement. 

However, you’re allowed an automatic extension to October 15 if you fail to meet the FBAR annual due date of April 15. You don’t need to request an extension to file the FBAR.

Have an IRS Tax Problem?

                                                                Contact the Tax Lawyers at
Marini & Associates, P.A. 

for a FREE Tax HELP Contact us at:
www.TaxAid.com or www.OVDPLaw.com
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