New tax return filing deadlines in 2016, including FBAR

Beginning in 2016 the tax filing deadlines for a number of items affecting international taxpayers will be changing. The one affecting most Bonaire clients is the change of Foreign Bank Account reporting. Instead of the old June 30 deadline with no extension, the due date will change to coincide with the filing of individual tax returns. So for individuals living in the US the FBAR will be due April 15 and a 6 month extension to October 15th will be automatically granted. For individuals living outside the US, the due date will be June 15 with a 4 month extension to October 15. There are a number of other changes to other forms, such as corporate and partnership returns, but these will affect returns filed after 2016.