The Financial Crimes Enforcement Network (FinCEN) has issued four notices extending the filing date of Reports of Foreign Bank and Financial Account (FBARs) for victims of recent natural disasters, including Hurricane Helene, Hurricane Debby, Hurricane Beryl, and Tropical Storm Francine. Victims of these recent natural disasters are granted an FBAR filing extension, as detailed in each of the notices, for the 2023 calendar year.
As set out in the notices, FinCEN is offering this expanded relief to any area that is designated both by the Federal Emergency Management Agency as qualifying for individual or public assistance and by the Internal Revenue Service (IRS) as eligible for tax filing relief, as a result of the specific natural disasters described in the notices. FinCEN deadlines for FBAR filings will be the same as those set forth in IRS designations. For this reason, the FBAR filing extension dates may differ. Please refer to the applicable notice, each of which is listed below:
- Notice regarding Hurricane Helene: https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Helene-508.pdf
- Notice regarding Hurricane Debby: https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Debby-508.pdf
- Notice regarding Hurricane Beryl: https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Beryl-508.pdf
- Notice regarding Tropical Storm Francine: https://www.fincen.gov/sites/default/files/shared/FBAR-Notice-Hurricane-Francine-508.pdf
In an email to FinCEN today, NCACPA again encouraged the agency to extend similar relief to BOIR filers.