FBAR Filing Requirement

On December 10th, the Financial Crimes Enforcement Network extended to June 30, 2016, the deadline for filing certain Report of Foreign Bank and Financial Accounts. The extension was made in light of the ongoing consideration of questions regarding the filing requirement and its application to individuals with signature authority over but no financial interest in certain types of accounts. The extension applies to the reporting of signature authority held during the 2014 calendar year, as well as all reporting deadlines extended by previous Notices. FinCEN Notice 2014-1.