FinCEN Issues Notice 2020-1 Extending The FBAR Filing Deadline for Certain Individual Filers With Signature or Other Authority Over A U.S. Entity’s Foreign Bank Accounts
On December 11, 2020, the Financial Crimes Enforcement Network (FinCEN) issued Notice 2020-1 (the Notice) which extends until April 15, 2022 the deadline to file Reports of Foreign Bank and Financial Accounts (FBARs) (FinCEN Form 114) for certain officers, employees, or agents of a U.S. entity who have signature or