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Form 114
I have a question that I don’t see mentioned here. For U.S. Expats who have a bank account count in Thailand where they deposit their 800,000 baht requirement to satisfy their year extension. Do they complete the FBAR e…
Learned this from a CPA friend of mine... If you are American and have a foreign bank account - you need to fill out "FBAR, *Form* 114" with your taxes yearly, or ELSE! There is a $100,000 fine that may be leveled again…
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