Have you filed your FBAR for 2015 yet?

IRS vs expats

You have? Good. Next year you’d better do it earlier because they have changed the deadline, moving it up to the same day as 1040 filing, April 15th. For we expats living overseas, it will actually be well before the automatic extension the IRS gives us. Below is an article written by Roger Russell from the June 16, 2016 issue of Accounting Today which is published online.

He writes, “This may be the last time you see a reminder that the FBAR (Report of Foreign Bank and Financial Accounts) filing deadline of June 30 is fast approaching. That’s because, beginning in 2017, the annual FBAR filing will coincide with the April 15 income tax filing deadline.” This reminds me of the lyrics from a Tom Lerher song entitled Nicolai Ivanovitch Lobachevsky with refer to Tchaikovsky at the age of 10 not playing in the streets of St. Pertersburg like the…

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