Who must file the FBAR in 2026?

Any US person — citizen, resident alien (Green Card holder or person meeting the Substantial Presence Test), or US-organized entity — with a financial interest in or signature authority over foreign accounts whose aggregate balance exceeded $10,000 at any point during 2025.

What is the FBAR deadline for 2026?

April 15, 2026, with automatic extension to October 15, 2026. No separate extension request is required.

What is the penalty for not filing the FBAR?

Non-willful: up to $10,000 per account per year. Willful: greater of $100,000 or 50% of the maximum account balance, per account per year, plus potential criminal penalties under 31 U.S.C. §5322 including imprisonment up to 5 years for the most serious cases.

Can I file FBAR retroactively for missed years?

Yes — the Streamlined Foreign Offshore Procedures allow non-willful US persons living abroad to file 6 years of delinquent FBAR plus 3 years of amended income tax returns with no FBAR penalty. Streamlined Domestic Offshore (for US residents) carries a 5% miscellaneous offshore penalty.

FBAR 2026: The Complete Guide for Italians with US Assets

Who must file the FBAR (FinCEN 114), the deadlines, the penalties for omission, and how the FBAR interacts with the Italian Quadro RW for Italian residents with US accounts in 2026.

Versione italiana

IIILEX International Consulting LLC · St. Petersburg, FL · us@3lex.us