Do you need to file an extension for form 114?

[joel727]

Do you need to file an extension for form 114?

[TaxGuyBill · Accepted solution]

No.

For some really bizarre reason, they say the due date is April 15th, but automatically give you 6 more months.  I can't figure out why they don't just say the due date is October 15th.

[itonewbie]

I suppose they don't want to confuse statutory due date with the extended deadline (like the 2-month automatic extension expats are given for filing federal return).  When the final regulations are out, they may then formalize the extension procedure.  For now, anything that helps get people with offshore accounts/assets to comply at the individual level is good with the Treasury Department, especially since FATCA doesn't seem to be working out the way the government had envisioned.