Was I supposed to file an FBAR?

The Internal Revenue Service (IRS) expected taxpayers to file a Report of Foreign Bank and Financial Accounts (FBAR) by April 15, 2022. However, those who did not meet this deadline may have a get out of jail free card as the IRS provided an automatic extension to...

FinCEN botches FBAR deadline, offers compromise

The United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently reported an extension to the Report of Foreign Bank and Financial Accounts (FBAR) deadline. The agency, which oversees this form, notes the extension is the result of...