Due Diligence in a Pandemic World
IRS Issues Draft Form 1065 Instructions; Tax Basis Capital Accounts Will be Required for 2020

FBAR Deadline Extended to Oct. 31 After Confusion

On Oct. 14, Treasury’s Financial Crimes Enforcement Network (FinCEN) posted an inaccurate message on its Bank Secrecy Act E-Filing webpage that may have caused some FBAR filers to miss their Oct. 15 deadline. To correct this error, FinCEN has indicated that 2019 calendar year FBARs filed by Oct. 31, 2020, will be deemed as timely filed. The Dec. 31 extension is only available for victims of recent natural disasters.

https://www.fincen.gov/fincen-clarifies-fbar-extensions

https://www.journalofaccountancy.com/news/2020/oct/fbar-deadline-extended-oct-31.html

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)