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Old 04.02.2016, 07:19
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US Citizens - FBAR filing date changed

From the American Citizens Abroad website:

"The FBAR form filing date will be aligned with annual income tax filing deadline of April 15 starting in tax year 2016.

On July 31, 2015, President Obama signed a three-month highway funding extension bill called “The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015” (H.R. 3236, Pub.L. 114-41). Under the new legislation, the due date of FinCEN Form 114 (known as the “Foreign Bank Account Report” or “FBAR”) will be April 15 instead of June 30 and filers will be able to seek a six-month extension of the deadline. Similar to individual income tax returns, US citizens residing abroad will receive an automatic extension of time to file the FBAR until June 15, with an additional four-month extension available to October 15.

Essentially, the new legislation conforms the due date of the FBAR to the individual income tax return filing deadline. Under prior law, the FBAR filing deadline was June 30, and no extension was available.

The new deadline applies to FBARs for taxable years beginning in 2016. As a result, for filers required to file the FBAR for 2015, the deadline will remain June 30, 2016. For filers required to file an FBAR for 2016 and thereafter, the deadline will be April 15 of 2017 (automatically extended to June 15, 2017 for filers living abroad) and for each subsequent year."

https://americansabroad.org/issues/f...-date-changed/
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Old 04.02.2016, 07:36
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Re: US Citizens - FBAR filing date changed

I am so dreading filing taxes this year. This will be the first time that we've done it ourselves. And having a Swiss husband with no US connections (ie SS#, etc) is not playing well with TurboTax.


Looks like its time to find someone to help
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Old 30.06.2016, 10:20
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Re: US Citizens - FBAR filing date changed

Just a reminder - freakin FBAR are due today!

Don't panic - get all your crap together (maximum in your account, Bank info, address and account number or iban) and go to the lovely site where we all feel like criminals.

Here's the address

http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

if you have your sh*t together, you can just use the html version, type in the stuff and submit. If you need to come back to it, then use the pdf (making sure you have a new version of adobe reader).

Also, remember that if you have a joint account, you need to fill out a form for each account owner. I use the same phone number and email address for both of us though - each fbar filed has a unique identifier. If all your accounts are joint, then it should be the same info for each filer.

One mistake I usually make is to fill out the individual account, and then realize I should have done the joint one (the second account section). And since the html doesn't seem to like deleted fields, I just had to start again.

Anyway, unless you have gazillions of accounts, then it's pretty straightforward and easy.

Once you're done, don't forget to download a copy to keep for your records! Have fun! NOT.
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Old 30.06.2016, 10:47
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Re: US Citizens - FBAR filing date changed

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I am so dreading filing taxes this year. This will be the first time that we've done it ourselves. And having a Swiss husband with no US connections (ie SS#, etc) is not playing well with TurboTax.


Looks like its time to find someone to help
Would not recommend using Turbotax. Also, if you file separately or as head of household (if you have kids), there is no need to declare your man (and his income). However all joint account income (50%) will have to be declared.
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Old 30.06.2016, 10:54
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Re: US Citizens - FBAR filing date changed

Quote:
Just a reminder - freakin FBAR are due today!

Don't panic - get all your crap together (maximum in your account, Bank info, address and account number or iban) and go to the lovely site where we all feel like criminals.

Here's the address

http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

if you have your sh*t together, you can just use the html version, type in the stuff and submit. If you need to come back to it, then use the pdf (making sure you have a new version of adobe reader).

Also, remember that if you have a joint account, you need to fill out a form for each account owner. I use the same phone number and email address for both of us though - each fbar filed has a unique identifier. If all your accounts are joint, then it should be the same info for each filer.

One mistake I usually make is to fill out the individual account, and then realize I should have done the joint one (the second account section). And since the html doesn't seem to like deleted fields, I just had to start again.

Anyway, unless you have gazillions of accounts, then it's pretty straightforward and easy.

Once you're done, don't forget to download a copy to keep for your records! Have fun! NOT.
Can also download the pdf which is even simpler to edit and then upload it again for final submission. Also filled out the FBAR myself this year and found it actually quite simple and easy to report. Must say, the FEDs have used my tax dollars wisely to simplifying the drudgery of having to file.
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Old 30.06.2016, 11:12
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Re: US Citizens - FBAR filing date changed

Took care of it last week. I feel like I'm checking in with my Parole Officer every time I file.

My new role with the company now gives me the privilege to fill out the "Financial Account(s) Where Filer has Signature or Other Authority
but No financial Interest in the Account(s)" section. Multiple accounts, several currencies and account balances that I am certain are triggering automatic alarms and special audit requests.

Can't wait....
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Old 30.06.2016, 11:34
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Re: US Citizens - FBAR filing date changed

aargh! completely forgot...

Thanks for the heads up, Edot!
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Old 30.06.2016, 11:37
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Re: US Citizens - FBAR filing date changed

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Can also download the pdf which is even simpler to edit and then upload it again for final submission. Also filled out the FBAR myself this year and found it actually quite simple and easy to report. Must say, the FEDs have used my tax dollars wisely to simplifying the drudgery of having to file.
I was going to do that, but then it complained about my version of adobe reader and I was too contrary to fuss. So I just did it the other way. Seriously, it took less than half an hour, including finding the account total and converting the currency.
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Old 01.07.2016, 13:42
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Re: US Citizens - FBAR filing date changed

Hope everyone filed.

And this the first line of the email I received this morning.... makes me feel special. Not.

This is an important message from the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) regarding the status of your FBAR (FinCEN Form 114) submission:
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Old 01.07.2016, 13:48
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Re: US Citizens - FBAR filing date changed

I've got about 21-22 reportable accounts. I'm tempted to open 4 more accounts to take me over the threshold that requires itemization, just to simplify the bureaucracy...
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Old 01.07.2016, 14:08
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Re: US Citizens - FBAR filing date changed

Quote:
Hope everyone filed.

And this the first line of the email I received this morning.... makes me feel special. Not.

This is an important message from the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) regarding the status of your FBAR (FinCEN Form 114) submission:
When you think about it, its a criminal record.
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Old 13.04.2018, 00:18
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Re: US Citizens - FBAR filing date changed

Hello fellow criminals!
And it‘s that time of year. AGAIN.

Except, you get an automatic extension to October 15.


https://www.fincen.gov/sites/default...02-02-2018.pdf

Here is the last paragraph.


The FBAR filing deadline will follow the Federal income tax due date guidance, which notes that when the Federal income tax due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. (See https://www.irs.gov/filing/individuals/when-to-file.) Accordingly, the due date for FBAR filings for foreign financial accounts maintained during calendar year 2017 is April 17, 2018, consistent with the Federal income tax due date. Filers who fail to file their 2017 calendar year FBAR by April 17, 2018, have an automatic extension up to October 15, 2018.
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Old 15.04.2021, 00:57
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Re: US Citizens - FBAR filing date changed

Just a head's up of the rather odd filing deadlines this year for FBAR and taxes, per the IRS:

"WASHINGTON — The Internal Revenue Service is reminding U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.

The extension of the federal income tax filing due date and other tax deadlines for individuals to May 17, 2021, does not affect the FBAR requirement.

However, filers missing the April 15 deadline will receive an automatic extension until October 15, 2021, to file the FBAR. They don’t need to request the extension."

https://www.irs.gov/newsroom/irs-rem...2015%2C%202021.
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Old 15.04.2021, 08:00
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Re: US Citizens - FBAR filing date changed

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Just a head's up of the rather odd filing deadlines this year for FBAR and taxes, per the IRS:

"WASHINGTON — The Internal Revenue Service is reminding U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.

The extension of the federal income tax filing due date and other tax deadlines for individuals to May 17, 2021, does not affect the FBAR requirement.

However, filers missing the April 15 deadline will receive an automatic extension until October 15, 2021, to file the FBAR. They don’t need to request the extension."

https://www.irs.gov/newsroom/irs-rem...2015%2C%202021.
Yep, I just do mine for Oct 15.
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Old 15.04.2021, 09:16
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Re: US Citizens - FBAR filing date changed

This is the first year I have to do taxes and FBAR. I made 860 francs last year and opened a Post Finance account lol. TurboTax and the like won’t allow me to submit married filing separately without my husband having a SSN, which he doesn’t as a non resident alien. Anyone know how I can file using TurboTax or something similar without having a SSN for my husband?
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Old 15.04.2021, 14:33
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Re: US Citizens - FBAR filing date changed

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... won’t allow me to submit married filing separately without my husband having a SSN, which he doesn’t as a non resident alien. Anyone know how I can file using TurboTax or something similar without having a SSN for my husband?
First, are you sure that you need to file?

FBAR threshold is 10,000 as I recall and I think taxes is about 12,000 depending on filing status.

As for the SSN, I do mine on paper. It does not require it, nor anything you don't want to write in it. But I do paper more in protest to not make the IRS's job any easier since they tax us for services we don't use.
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Old 15.04.2021, 16:36
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Re: US Citizens - FBAR filing date changed

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First, are you sure that you need to file?

FBAR threshold is 10,000 as I recall and I think taxes is about 12,000 depending on filing status.

As for the SSN, I do mine on paper. It does not require it, nor anything you don't want to write in it. But I do paper more in protest to not make the IRS's job any easier since they tax us for services we don't use.
Good to know about the paper version, perhaps I will do mine that way then. I thought from abroad one always had to file if there was even the smallest income? My bank requires the FBAR anyway and I know I will make just over the 12k mark this current year so I’d rather do it already for last year just to get in the habit.
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Old 15.04.2021, 21:47
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Re: US Citizens - FBAR filing date changed

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I thought from abroad one always had to file if there was even the smallest income? My bank requires the FBAR anyway and I know I will make just over the 12k mark this current year so I’d rather do it already for last year just to get in the habit.
For some unknown reason they've drastically changed the 'married, filing separately' filing threshold to 5 USD. I find that super discriminatory, esp. for people abroad with non-US spouse. All the other filing categories are 12,400 USD or more. And fyi, filing thresholds are the same whether in US or abroad.
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Old 16.04.2021, 10:15
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Re: US Citizens - FBAR filing date changed

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This is the first year I have to do taxes and FBAR. I made 860 francs last year and opened a Post Finance account lol. TurboTax and the like won’t allow me to submit married filing separately without my husband having a SSN, which he doesn’t as a non resident alien. Anyone know how I can file using TurboTax or something similar without having a SSN for my husband?
You cannot file electronically if NRA spouse has no SSN. You file on paper. Either put all zeros or all nines in place of spouse’s SSN and print to PDF. If you have a software to alter the PDF text change it to «NRA»

Otherwise submit as is. Ignore TT error warning.

Been doing this for a decade.
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Old 16.04.2021, 23:07
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Re: US Citizens - FBAR filing date changed

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You cannot file electronically if NRA spouse has no SSN. You file on paper. Either put all zeros or all nines in place of spouse’s SSN and print to PDF. If you have a software to alter the PDF text change it to «NRA»

Otherwise submit as is. Ignore TT error warning.

Been doing this for a decade.
Thanks so much! I was told electronic filing did work hence my frustration evidently as I tried to make it work xD thanks for the tips!
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