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FBAR Update: Good News for Treasurers But More Questions Too

Now, there is good news about FBAR… sort of.Fbar_080615

Buried in HR 3236, the legislation to pay for the federal Highway Trust Fund, signed into law by President Obama on July 31, is a provision that changes filing dates for FBAR.

  • The date to file FBAR moves from June 30 to April 15.
  • A “first-time abate” is authorized.
  • A six-month filing extension is created — October 15.

Original Story at AFP Online