FBAR filing deadline relief for filers affected by terroristic action in Israel
Certain individuals and businesses have until October 7, 2024, to file the “Report of Foreign Bank and Financial Accounts” (FBAR)
Filers affected by terroristic action in Israel
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) today issued a notice announcing that certain individuals and businesses affected by the terroristic action in the State of Israel that are required to file the “Report of Foreign Bank and Financial Accounts” (FBAR) have until October 7, 2024, to file for the 2022 calendar year.
The FBAR for calendar year 2022, otherwise, would be due on or before October 16, 2023.
As explained in the FinCEN notice [PDF 229 KB] (October 16, 2023), this expanded relief is being offered to any individuals or businesses that have been provided tax relief pursuant to Notice 2023-71. Read TaxNewsFlash.
Should the IRS offer tax relief to additional individuals and businesses impacted by the terroristic action in the State of Israel, those FBAR filers will receive the same filing relief automatically.
FinCEN will also work with any FBAR filer who lives outside the areas directly impacted by the terroristic action in the State of Israel but who must consult records located in the affected areas to meet the deadline. FBAR filers who live outside the affected areas and who are seeking assistance in meeting their filing obligations may contact the FinCEN Regulatory Support Section at 800-767-2825 or electronically at frc@fincen.gov.
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