What is the deadline for reporting FBAR for cryptocurrency holdings in 2023?

3 answers

• Dec 27, 2021 · 3 years ago
  The deadline for reporting FBAR for cryptocurrency holdings in 2023 is April 15th. This reporting requirement applies to U.S. taxpayers who have a financial interest in or signature authority over foreign financial accounts, including cryptocurrency accounts, and the aggregate value of these accounts exceeded $10,000 at any time during the calendar year. It's important to note that the FBAR form, FinCEN Form 114, must be filed electronically through the Financial Crimes Enforcement Network (FinCEN) website.
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• Dec 27, 2021 · 3 years ago
  In 2023, the deadline for reporting FBAR for cryptocurrency holdings is April 15th. This means that if you have a financial interest in or signature authority over foreign financial accounts, including cryptocurrency accounts, and the total value of these accounts exceeded $10,000 at any point during the year, you must file the FBAR form by April 15th. The FBAR form can be filed electronically through the FinCEN website. Make sure to accurately report your cryptocurrency holdings to comply with the reporting requirements.
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• Dec 27, 2021 · 3 years ago
  As an expert in the field, I can confirm that the deadline for reporting FBAR for cryptocurrency holdings in 2023 is April 15th. This reporting requirement applies to individuals who have a financial interest in or signature authority over foreign financial accounts, including cryptocurrency accounts, and the aggregate value of these accounts exceeded $10,000 at any time during the year. It's crucial to file the FBAR form, FinCEN Form 114, by the deadline to avoid any penalties or legal issues. If you need assistance with FBAR reporting or have any further questions, feel free to reach out to me.
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