The new annual due date for filing the FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), is April 15 with an automatic six-month extension
to Ocitber 15. A specific request for this extenion is not required. The FBAR is required to be filed by all U.S. Persons with financial
interests in, or signature authority on, foreign financial accounts with total a value exceeding $10,000 at any time duringthe reporting year.
A U.S. Person means: United States citizens (including minor children); United States residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States.
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