The due date of FinCEN Form 114 (known as the “Foreign Bank Account Report” or “FBAR”) has been moved to April 15 instead of June 30 and filers will be able to apply for a six-month extension of the deadline. U.S. citizens residing abroad will receive an automatic extension of time to file the FBAR until June 15, with an additional four-month extension available to October 15.

The new deadline applies to FBARs for taxable years beginning in 2016.

The content of this article is intended to provide general information on the subject and is not a substitute for a tax consultation.