What is the deadline for submitting FBAR for cryptocurrency transactions in 2022?

3 answers

• Ashish VishwakarmaFeb 01, 2025 · 9 months ago
  The deadline for submitting FBAR for cryptocurrency transactions in 2022 is April 15th. It is important to note that this deadline 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 exceeds $10,000 at any time during the calendar year. Failure to meet this deadline may result in penalties and other consequences. It is recommended to consult with a tax professional for specific guidance and to ensure compliance with all applicable regulations.
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• mustapha aitOct 13, 2022 · 3 years ago
  Hey there! The deadline for submitting FBAR for cryptocurrency transactions in 2022 is April 15th. Make sure to mark this date on your calendar and don't forget to report your cryptocurrency accounts if the total value exceeds $10,000 at any point during the year. Remember, it's always better to be safe than sorry when it comes to taxes. If you have any doubts or need assistance, consider reaching out to a tax advisor or accountant who specializes in cryptocurrency taxation. They'll be able to provide you with the guidance you need to stay compliant and avoid any unnecessary penalties. Good luck!
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• Ravi SabbavarapuJul 19, 2021 · 4 years ago
  According to the Financial Crimes Enforcement Network (FinCEN), the deadline for submitting FBAR for cryptocurrency transactions in 2022 is April 15th. This deadline 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 exceeds $10,000 at any time during the calendar year. It's important to note that FBAR reporting is separate from tax filing, and failure to comply with FBAR requirements may result in penalties. If you have any questions or need further information, consider consulting with a tax professional or visiting the official FinCEN website for the most up-to-date guidelines.
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