TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE
Ask Tax Question

If I have bank accounts or other property outside the U.S., what U.S. reporting is required to be fully compliant with all U.S. laws?

Bank Accounts U.S. Reporting Property
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Abraham Itani, CPA
Basically you would have an FBAR filling requirement if the aggregate sum of your accounts exceed US $10,000 at any point in time during the year, you might have FATCA reporting too.

The other property need to discuss in detail to determine what kind of reporting would be required.

If you have not filled your FBAR for prior years, the IRS has its third amnesty program on going, if you need help please let me know.

I hope this answered your question.

Regards,
Abraham Itani, CPA
www.itanitax.com
Leave a Comment 275 weeks ago



Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

NEVER MISS AN ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Contact Us Today