On Dec. 17, the Financial Crimes Enforcement Network (FinCEN) issued Notice 2013-1, which extends to June 30, 2015, the deadline for some individuals with signature authority for, but no financial interest in, certain financial accounts, to file Form TD F 90-22.1, the Report of Foreign Bank and Financial Accounts — commonly referred to as the FBAR.
The extension is limited to individuals whose FBAR filing requirements may be impacted by exceptions in 31 Code of Federal Regulations Sections 1010.350(f)(2)(i) through (v), most commonly applicable to officers and employees of U.S. publicly traded companies. The filing due date for other FBAR filers remains unchanged. The extension applies to individuals with signatory authority meeting the additional criteria during the 2013 calendar year, as well as all reporting deadlines extended by prior notices.
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