The IRS reminded U.S. citizens, entities and resident aliens with a foreign bank or financial account that they have until October 31, 2020, to file their 2019 Report of Foreign Bank and Financial Accounts (FBAR). FBAR filers impacted by the California Wildfires, the Iowa Derecho, Hurricane Laura, the Oregon Wildfires and Hurricane Sally continue to have until December 31, 2020, to file their FBARs. The IRS coordinated the extension with the Financial Crimes Enforcement Network (FinCEN) for this year only to filers for 2019 FBARs. The filing requirement applies to anyone who had an interest in, or signature or […]
IRS Reminds Certain Foreign Account Holders of 2019 FBAR Filing Extension
