FBAR
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…
Now that I've had over $10,000 in a Thailand bank for the last four months I am assuming that I will be required to file the paperwork the United States government requires in this situation. Has anybody found a reasona…
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…
Question regarding opening bank here as a US citizen. I had to do the W9 form. The bank person said the US government will tax me based on the money I leave in the bank. I just wonder how does it all work. Will the tax…