FBAR Deadline Extended One Year for Certain Filers

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June 9, 2011

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) has extended the filing date for certain reports of foreign financial accounts (FBAR) to June 30, 2012.

According to the Notice 2011-1, the extension only applies to:

certain employees or officers of an entity who have signature or other authority and no financial interest in the foreign financial account of a controlled person of the entity; or
employees or officers of a controlled person of an entity who have signature or other authority over and no financial interest in a foreign financial account of the entity, the controlled person, or another controlled person of the entity.

The filing deadline of June 30, 2011 applies to all other persons required to file.