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FinCEN extended the Foreign Bank and Financial
Accounts ("FBARs") reporting deadline for filers affected
by certain severe weather events. The relief was extended from
October 15, 2021, to December 31, 2021, for filers who have been
affected by Hurricane Ida, the California Wildfires, Tennessee
Severe Storm and Flooding, Michigan Severe Storms, Flooding and
Tornadoes, and Tropical Storm Fred.
In its Notice, FinCEN stated that the relief is available to any
resident or household that resides or has a business in a locality
designated by the Federal Emergency Management Agency (or
"FEMA") as qualifying. FinCEN encouraged FBAR filers who
may be impacted by the natural disasters, but who live outside of
the impacted areas, to contact the FinCEN Regulatory Support
Section.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
