IMPORTANT: ACCJ members who are US citizens or green card holders are required to file annual reports with the US government of most foreign (non-US, including Japanese) bank, brokerage and other accounts. Failure to file may be subject to substantial penalties.
FinCEN Form 114, Report of Foreign Bank and Financial Accounts Report ("FBAR") - NEW Filing Deadline **April 15th (October 15th with automatic extension)**
You may be required to file the FBAR for 2016 if you have an interest in or signature authority over a foreign financial account. The form must be completed and received by the Treasury Department by the extended due date of October 15th. This filing must be done online through the Treasury Department’s Financial Crimes Enforcement Network BSA E-Filing system. Paper submissions are no longer accepted.
Please note that there could be significant penalties associated with not complying with the filing of this form.
The link below will take you to the site with more detailed information on the form and from which you may complete and e-file the form.
If you are unsure whether you are required to file this form, please consult a US tax professional.
ACCJ Taxation Committee