I Never Reported Foreign Accounts to the IRS or filed an FBAR “FinCEN 114” ?

For many foreign countries and foreign financial institutions that are trying to stay in FATCA Compliance (Foreign Account Tax Compliance Ac, the deadline reporting US taxpayers recently passed. Moreover, the filing deadline for submitting a timely FBAR (FinCEN 114) Report of Foreign Bank and Financial Account has also recently passed as well (June 30, 2016)….