If you have foreign accounts, you may be required to file FinCEN Form 114 by today. Filing threshold: accounts valued over $10,000 at any time during 2015. No extension is available this year; filing is electronic only through the BSA E-Filing System. Find details in the IRS FBAR Reference Guide. Next year the deadline moves to April 15.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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