Can Form 3520 Fails 2023-2024

Hello Robert, hello. Today we're talking about common F bar mistakes, and I want to thank you for coming down to help because I know you might be a little busy this time of the year. A little bit, a little bit, but we'll be quick. So F bar, to go over the basics, it's the Foreign Bank Account Report reporting requirement for certain foreign financial accounts, right? So it's not a tax form, it's a reporting form, correct? Okay, so what's the due date this year and next year? This year, the due date is the traditional due date, which is June 30th. Okay, next year is the first year that the due day is switching to April 15th. Okay, with that, you can get an extension, mm-hmm, like you could for your normal taxes. Kind of, the IRS has kind of brought this into their normal kind of due date filing stuff. The June 30th date is kind of an old anachronism before the IRS really took hold and took charge of the stuff. Okay, so June 30th, no extensions, but then next year with April 15th, yes to extension, yes. Got it, all right. Mistake number one, failure to file. I mean, we have a lot of clients that are just simply unaware that this even exists, that's correct. It's not well-advertised. From speaking with clients and even potential clients, no immigration talks to you about this stuff. There's no like two-minute video, a little pamphlet or a flyer. And most CPAs, most tax attorneys, enrolled agents, preparers, they didn't really know about the stuff until it became really ceiling a few years ago with the passage of FATCA. Got it. And we know that a lot of the software that you can use doesn't even mention...