Posted:
#51
Quote Originally Posted by acutance:
"US persons who have a financial interest in or signature or other authority over a foreign financial account if the aggregate value exceeds $10,000 at any time during the reporting year are required to report." This is right off the FinCen website. So when your balance gets too large, you're supposed to report!
"US persons who have a financial interest in or signature or other authority over a foreign financial account if the aggregate value exceeds $10,000 at any time during the reporting year are required to report." This is right off the FinCen website. So when your balance gets too large, you're supposed to report!
Glad you guys worked it out.
True but not exactly relevant. You are supposed to report it...not the bank.
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