According to Law360, victims of recent natural disasters will have an extra 11 weeks to file Reports of Foreign Bank and Financial Accounts for the 2020 tax year, the U.S. Treasury Department's Financial Crimes Enforcement Network announced.
The FBAR Deadline Was Moved From Oct. 15 To Dec. 31,
According To A Notice Released On October 5, 2021.
According To A Notice Released On October 5, 2021.
The extension goes to taxpayers in areas designated by the Federal Emergency Management Agency as qualifying for individual assistance from Hurricane Ida, the California wildfires, severe storms and flooding in Michigan and Tennessee and Tropical Storm Fred.
The relief is part of the federal government's coordinated response to the natural disasters, according to FinCEN.
The relief is part of the federal government's coordinated response to the natural disasters, according to FinCEN.
Have an IRS Tax Problem?
Contact the Tax Lawyers at
Marini & Associates, P.A.
for a FREE Tax HELP Contact us at:
www.TaxAid.com or www.OVDPLaw.com
or Toll Free at 888 8TAXAID (888-882-9243)
www.TaxAid.com or www.OVDPLaw.com
or Toll Free at 888 8TAXAID (888-882-9243)
Read more at: Tax Times blog
