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Monday, December 19, 2016

FinCEN Extends FBAR Filing Deadline

The Financial Crimes Enforcement Network announced that it will extend the deadline for certain filings of Form 114 (the Report of Foreign Bank Account, or FBAR) in light of a notice of proposed rulemaking issued in March to clarify who is exempt from filing the report under the Bank Secrecy Act. The new deadline for FBAR filing is April 15, 2018. FinCEN also announced that it would maintain April 15 as the annual FBAR filing due date going forward.

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