FBAR deadline — FinCEN Form 114
Deadlines: the full filing calendar · the regulation library · practical guides
The FBAR is not part of the tax return and does not go to the IRS. It is a separate report to FinCEN, on its own system, with its own deadline. In the United States it is next due annually on 15 April (moved off weekends and holidays) for the prior calendar year. Source: IRS FBAR guidance page. It lands on the fund vehicle itself and the AIFM or management company. Automatic extension to 15 October 2026; no extension request is needed.
What is the FBAR?
The FBAR, or Report of Foreign Bank and Financial Accounts, is a US filing on FinCEN Form 114. It reports foreign financial accounts to FinCEN, a Treasury unit, and is separate from the tax return. It is required only where the accounts together exceed $10,000 at any point in the year (IRS: FBAR).
What is in the report
For each foreign account the report gives the institution's name and address, the account number and type, and the highest balance during the year. Bank, securities and similar financial accounts are all covered.
Who files, who prepares, who receives
Any US person with a financial interest in, or signature authority over, foreign accounts files. A US partnership, LLC or corporation is a US person in its own right, so a US fund vehicle files for its own foreign accounts. Individuals with signature authority file separately, and the report goes to FinCEN, not the IRS.
When it is due
| Jurisdiction | Obligation | Due | Reporting period | Who files | Files with | Extension | Source |
|---|---|---|---|---|---|---|---|
| United States | FBAR — Report of Foreign Bank and Financial Accounts (FinCEN Form 114) | annually on 15 April (moved off weekends and holidays) | the prior calendar year | the fund vehicle itself and the AIFM or management company | FinCEN | Automatic extension to 15 October 2026; no extension request is needed. | IRS FBAR guidance page · calendar |
Common mistakes
The $10,000 limit is a total across all foreign accounts, not per account — ten accounts of $1,500 each cross it. It is tested on the highest balance at any point in the year, not the year-end figure, so a fund with no large account can still have to file. Two more: the FBAR goes to FinCEN, not to the IRS with your tax return. And having signing power over an account can trigger a filing even if the money is not yours.
Questions this page answers
When is the FBAR due?
Annually on 15 April (moved off weekends and holidays) for the prior calendar year. Automatic extension to 15 October 2026; no extension request is needed. That is why the October date is the one most filers actually work to.
Do I have to request the FBAR extension?
No. Automatic extension to 15 October 2026; no extension request is needed. The IRS states the extension applies to anyone who does not meet the April date.
What is the FBAR reporting threshold?
More than $10,000 across all foreign financial accounts combined, at any point during the year. It is an aggregate test on the highest balance, not a per-account or year-end test.
Does a fund file an FBAR or do its principals?
Both can. The US entity files for the accounts it holds, and individuals with signature authority over those accounts have their own filing. The entity filing does not discharge theirs.