FBAR Deadline Now 10/31/2020 – An Honest Mistake :)

While wildfires and hurricanes were making October interesting, the FBAR deadlines for those affected was extended to October 31, 2020.

However, when the notice was issued, the writer failed to mention that it was only intended for those affected. Sooooo – the deadline was changed for everyone 🙂

What is an FBAR? A US resident or someone treated as a resident for tax purposes who has an interest or signature authority in any foreign accounts (like bank, securities, retirement and others), must file an FBAR when the aggregate value of the foreign accounts exceeds $10,000 at any time during the calendar year.

If this is you and you haven’t filed, give us a shout!