2021 FBAR Filing Extended for Victims of Natural Disasters

The 2021 deadline for filing FBARs was extended until February 15, 2023. The extension applies to victims of Hurricane Fiona in Puerto Rico; Hurricane Ian in Florida, North Carolina and South Carolina; and storms and floods in parts of Alaska as designated by FEMA. In addition, the extension applies to FBAR filers who live outside of the disaster areas but who must consult records located in the affected areas in order to meet the deadline. Otherwise, the extended due date is October 15, 2022.

Read the full notice here.

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IRS Delays Tax Deadline for Hurricane Ian Victims in Florida

About the Author(s)
Inna Kisseleva, CPA is a Senior Manager in the Tax Advisory Group at HBK CPAs & Consultants located in the Naples office providing support services for the CPAs in all HBK offices. Inna’s specialty is tax consulting and compliance of multinational domestic and foreign entities, ASC 740 and U.S. foreign taxation of business entities and their owners. Inna has close to 20 years of experience in taxation. Prior to joining HBK, Inna worked with a wide range of industries, including manufacturing, distribution, life sciences and technology.
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.

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