FBAR Extension for Certain Individuals

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June 23, 2011

The Treasury Department's Financial Crimes Enforcement Network has extended the filing date for those individuals with only signature authority over a foreign financial account. According to Notice 2011-54, individuals with signature authority over, but no financial interest in, a foreign financial account in 2009 or earlier calendar years for which the reporting deadline was extended by previous notices (2009-62, 2010-23) will now have until November 1, 2011, to file reports with respect to those accounts.

The deadline for reporting signature authority over, or a financial interest in, foreign financial accounts for the 2010 calendar year remains June 30, 2011.