Maybe.  If you are a United States person and have a financial interest in or signature authority over a foreign financial account, then you must also report your foreign financial accounts on Financial Crimes Enforcement Network (FinCEN) 114, Report of Foreign Bank and Financial Accounts (FBAR) if the aggregate value of all of your foreign financial accounts exceeded $10,000 at any time during last calendar year, and you do not meet any of the filing exceptions.  The FBAR may still be required even if you reported all of the income from your foreign financial accounts, or even if there was no income.

The 2015 FBAR must be filed electronically and is due on or before June 30, 2016.  You cannot extend the due date for the 2015 FBAR.

Next year, the 2016 FBAR will be due on April 15, 2017 instead of June 30, 2017.  In addition, you can request a six month extension of time to file until October 15, 2017.

If you discover you should have filed FBARs prior to 2015, then there are several methods to come back into compliance depending on the circumstances that lead to the original failure to file the FBARs.  Taxpayers with delinquent FBARs should contact a tax professional right away to evaluate their situation and discuss their options.