If you missed the April 17 deadline for reporting 2017 overseas accounts… You have an automatic six-month extension (until Oct. 15) to file the FBAR for 2017. U.S. taxpayers with foreign accounts whose aggregate value exceeded $10,000 at any time in 2017 are required to electronically file FinCen Form 114 to report them. For people with undisclosed overseas accounts from pre-2017 years… Keep in mind that IRS has ended its Offshore Voluntary Disclosure Program, which allowed taxpayers with undeclared accounts abroad to turn themselves in and avoid criminal prosecution by paying any back taxes plus applicable penalties. However, many still have the option to use a streamlined disclosure program. It’s for individuals who certify that their failure to report foreign accounts wasn’t willful.