The federal government has once against extended the deadline for filing the Report of Foreign Bank and Financial Accounts (FBAR) form for employees who are signatories on a company's foreign bank accounts, but have no financial interest in those accounts.

The Financial Crimes Enforcement Network (FinCEN), part of the U.S. Treasury, announced late last year that it had pushed the deadline, which had been June 30, 2015, back to June 30, 2016.

Consultants say that despite the extension, many companies are going ahead and filing the reports.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.

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