Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 11 AUGUST 2015

New Law Changes FBAR Filing Deadline

Caplin & Drysdale, Chartered
Caplin & Drysdale, Chartered
Contributor
Caplin & Drysdale, Chartered

Caplin & Drysdale, Chartered

Caplin & Drysdale was formed in 1964 by Mortimer M Caplin, who served as Commissioner of the...

View firm profile
Explore more from Caplin & Drysdale, Chartered

Beginning with the FBAR (FinCEN Report 114) for the 2016 year, the filing deadline for the FBAR will be April 15th with a six-month extension until October 15th available upon request.

United StatesTax
Scott D. Michel
Scott D. Michel
Charles Ruchelman
Charles Ruchelman
Mark D. Allison
Mark D. Allison
Mark E. Matthews
Mark E. Matthews
Matthew Hicks
Matthew Hicks
Author LinkedIn connections

Beginning with the FBAR (FinCEN Report 114) for the 2016 year, the filing deadline for the FBAR will be April 15th with a six-month extension until October 15th available upon request.  The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, which was enacted on July 31, 2015, modified the FBAR filing deadline from June 30th to April 15th to align it with the filing deadline for individual income tax returns.  (Pub. Law 114-41)  Significantly, now FBAR filers can request a six-month extension until October 15th to file the report. 

Under the new law, the FBAR filing deadline for U.S. citizens and residents residing abroad will be automatically extended until June 15th, with an additional four-month extension available until October 15th.  The law does not provide another two-month extension until December 15th, which is currently available upon request to taxpayers residing abroad to file their income tax returns. 

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

GENIUS Act Crypto Tax Guide 2025-2026: What US Investors, Businesses, And Taxpayers Need To Know About The New Stablecoin Law, Form 1099-DA, And Digital Asset Regulation

The United States cryptocurrency regulatory landscape has undergone its most dramatic transformation in history. The signing of the GENIUS Act into law on July 18, 2025 — the first comprehensive federal crypto statute ever enacted — marks a before-and-after moment for American digital asset law.
United StatesTax
Rotfleisch & Samulovitch P.C.
Rotfleisch & Samulovitch P.C.
Article

The First Round Of Saver’s Match Guidance Is Here

The Treasury Department and IRS have released Notice 2026-48, providing the first comprehensive guidance on SECURE 2.0's new Saver's Match program. This federal matching contribution for low- and moderate-income retirement savers introduces complex implementation challenges, including how to route taxpayer matches directly to retirement plans and IRAs. The Notice addresses eligibility requirements, income limits, contribution types, and delivery mechanisms while requesting public comments on operational app
United StatesTax
Groom Law Group, Chartered
Groom Law Group, Chartered
Article

California Expands Sales And Use Tax To SaaS And Certain Digital Products Starting 1 January 2027

California is implementing a major tax policy shift that will subject software-as-a-service, remotely accessed software, and digital products to sales and use tax beginning January 1, 2027. The California Department of Tax and Fee Administration has proposed emergency regulations establishing sourcing rules, a $5 million threshold that shifts tax liability from retailers to purchasers, and key exemptions for custom software and certain service-based digital products.
United StatesTax
K&L Gates
K&L Gates
Article

Digital Asset Taxation Update

Republicans in the House have introduced draft legislation addressing digital asset taxation, covering mark-to-market accounting, wash sales, mining and staking rewards, and charitable contributions. Recent court cases and enforcement activity suggest these proposals could significantly reshape how cryptocurrency transactions are taxed and reported, though they stop short of providing a comprehensive framework or resolving whether digital assets are securities or commodities.
United StatesTax
Caplin & Drysdale, Chartered
Caplin & Drysdale, Chartered
Article

SEC Proposes To Rescind Investment Adviser "Pay-to-Play" Rule

The Securities and Exchange Commission has proposed rescinding Rule 206(4)-5, the pay-to-play rule that has restricted political contributions by investment advisers since 2010. The proposal would eliminate automatic two-year compensation bans triggered by contributions exceeding $150 and shift responsibility for policing pay-to-play risk to individual adviser compliance programs.
United StatesFinance and Banking
Caplin & Drysdale, Chartered
Caplin & Drysdale, Chartered
Article

A Look Back: The Billy Carter Affair

In 1980, the Department of Justice pursued a civil action against William “Billy” Carter, brother of then-President Jimmy Carter, who had allegedly received payments from the Libyan government without registering under the Foreign Agents Registration Act (“FARA”). The matter soon raised questions about possible White House involvement, prompting a Senate investigation into Mr. Carter and his relations with Libya.
United StatesLitigation, Mediation & Arbitration
Caplin & Drysdale, Chartered
Caplin & Drysdale, Chartered