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FBAR amnesty deadline extended until October 15? (Update: Yes it is)

September 21, 2009

The Associated Press reports that the amnesty for reporting offshore accounts scheduled to expire Wednesday will be extended today until October 15. (Via Peter Pappas)

Update: It's official:

The Internal Revenue Service today announced a one-time extension of the deadline for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts. These taxpayers now have until Oct. 15, 2009.
Under special provisions issued in March, taxpayers with these hidden accounts originally had until Sept. 23, 2009 to come forward. Those taxpayers who do not voluntarily disclose their hidden accounts by the new deadline face much harsher civil penalties, where applicable, and possible criminal prosecution.

Tags: FBAR.Peter Pappas.