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Foreign Bank and Financial Accounts Deadline Extended

By Shaddai Jaquez, CPA, MS, Senior Manager December 21, 2021
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FBAR Filing Deadline Extended for Individuals with Signature Authority but No Financial Interest in Certain Accounts

The deadline to file a Report of Foreign Bank and Financial Accounts (FBAR) has been extended by the Financial Crimes Enforcement Network (FinCEN) for individuals that have signature authority or other authority over, but no financial interest, in certain types of accounts.  The extended deadline for these individuals is April 15, 2023.  The deadline for all other individuals remains April 15, 2022.  See FinCEN Notice 2021-1 fore more information. 

About the Author

Shaddai Jaquez, CPA, MS, is a Senior Manager in the SobelCo Tax Practice. She serves the firm’s corporate clients by delivering various tax services. Shaddai is well-prepared to take on corporate tax returns, international, multi-state filings, and nexus research/filings for sales and use tax and corporate income tax returns. Based on her experience in compliance and strategic planning for local, state, and national tax issues, Shaddai brings a multi-dimensional approach to the tax department that benefits every client.

For more information contact Shaddai Jaquez at shaddai.jaquez@sobelcollc.com.