Fbar Deadline 2017

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What is fbar deadline 2017?

The fbar deadline 2017 refers to the due date for filing the Foreign Bank Account Report (FBAR) for the year 2017. FBAR is a form required by the United States Department of the Treasury to report financial accounts held outside of the country by U.S. taxpayers. The deadline for filing the FBAR for the year 2017 is usually April 15, but it can be extended to October 15, if requested.

What are the types of fbar deadline 2017?

There are two types of fbar deadline 2017: the regular deadline and the extended deadline. The regular deadline is usually April 15, while the extended deadline, which can be requested by filing Form 4868, allows taxpayers to have until October 15 to file their FBAR for the year 2017. It's important to note that requesting an extension only grants additional time to file the FBAR, not to pay any taxes owed.

Regular deadline - April 15
Extended deadline - October 15

How to complete fbar deadline 2017

Completing the fbar deadline 2017 is a straightforward process. Here is a step-by-step guide to help you:

01
Gather all the necessary information, including details of your foreign financial accounts.
02
Ensure you have access to a reliable and secure platform like pdfFiller to create, edit, and share the required documents online.
03
Fill out the FBAR form accurately, providing all the requested information about your foreign financial accounts.
04
Double-check the form for any errors or missing information before submitting.
05
Submit the completed form electronically to the Financial Crimes Enforcement Network (FinCEN) on or before the deadline, either through their official website or using a trusted tax filing software.
06
Keep a copy of the submitted FBAR for your records as proof of compliance.
07
If you need more time to complete the FBAR, file Form 4868 to request an extension before the regular deadline.

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Questions & answers

Go to http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html 2. Click Start Now under the Online Form E-Filing Method. 3. Enter your contact information on the Filer Contact Information page.
You must file the FBAR electronically through FinCEN's BSA E-Filing System. You don't file the FBAR with your federal tax return. If you want to paper-file your FBAR, you must call FinCEN's Resource Center to request an exemption from e-filing.
How to File FBAR Past-Due Forms File FBAR Forms Online Yourself. If any of the below three criteria apply to you, you can file online directly with the IRS feeling confident that there will most likely be no penalty for filing FBAR forms late: Use Streamlined Filing Compliance Procedures.
The Report of Foreign Bank and Financial Accounts (114) must be filed electronically using the BSA E-Filing System. Individuals can satisfy their filing obligation by using the no registration option within the E-Filing System.
If you haven't filed the FBAR for several years, you'll need to report your foreign accounts for the years you've missed to avoid penalties for non-compliance. Depending on your situation, you can use the Streamlined Filing Program or the Delinquent FBAR Submission Procedures to get caught up penalty-free.
The IRS will not impose a penalty for the failure to file the delinquent FBARs if you properly reported on your U.S. tax returns, and paid all tax on, the income from the foreign financial accounts reported on the delinquent FBARs, and you have not previously been contacted regarding an income tax examination or a
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