Skip to Main Content

Charles Ruchelman Discusses FBAR Filing and Deadlines with Daily Tax Report

April 14, 2017, Daily Tax Report

Tax return due dates and extensions apply to the reports U.S. taxpayers with foreign bank accounts sent to the Financial Crimes Enforcement Network (FinCEN), the IRS said.

Tax returns and the annual Report of Foreign Bank and Financial Accounts (FBAR), Form 114, both must be filed electronically by April 18. FinCEN will give taxpayers who miss the spring deadline an automatic extension until Oct. 16, the Internal Revenue Service reminded taxpayers in an April 13 news release (IR-2017-82). Specific extension requests aren't required.

The FBAR deadline was previously June 30, and no extensions were available. The availability of extensions was included in the Surface Transportation Act in July 2015, and FinCEN announced in December that the extensions are automatic.

“Coordinating the FBAR filing and extension deadlines with the Form 1040 deadline make good administrative sense,” Charles M. Ruchelman, a member at Caplin & Drysdale, Chartered in Washington, said in an email. “Providing uniform due dates will help taxpayers avoid missed deadlines and thereby, potential penalties.”

For the full article, please visit the Daily Tax Report’s website (subscription required).

Excerpt taken from the article “Tax Return and Foreign Bank Reporting Deadlines Align: IRS” by Laura Davison for Daily Tax Report.


About Caplin & Drysdale
Celebrating our 55th Anniversary in 2019, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
©2021 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)