FinCEN Announces Grant of Automatic Six Month Extension to October 15 for FBAR Reports

The United States Department of the Treasury Financial Crimes Enforcement Network (FinCEN) announced on the news portion of their website that the agency will grant automatic extensions for filing the FBAR reports (FINCEN Report 114) beginning with those due in 2016.

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 provided that the due date for the report will be set to April 15 and that a maximum sixth month extension could be requested by filers.

The FinCEN news release provided:

To implement the statute with minimal burden to the public and FinCEN, FinCEN will grant filers failing to meet the FBAR annual due date of April 15 an automatic extension to October 15 each year.  Accordingly, specific requests for this extension are not required.