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  1. Expat Tax
    Hi All, As I'm preparing my 2020 returns I'm realizing I've made a number of mistakes in the past, I want to correct them and am fine paying the taxes which shouldn't be more than a few thousand dollars but I'm terrified by other potential consequences and significant penalties. I've probably...
  2. Expat Tax
    Hi I’m at a loss and I’m hoping that someone can help or direct me to the right place to start? I’ve been living in the US since 2008, I’m a permanent resident since 2011 and my husband files his tax return every year as joint. I was unaware that every year I was supposed to file a FBAR. I only...
  3. USA Expat Forum for Expats Living in the USA
    [Two Part Long Post] Hi I’m at a loss and I’m hoping that someone can help or direct me to the right place to start? I’ve been living in the US since 2008, I’m a permanent resident since 2011 and my husband files his tax return every year as joint. I was unaware that every year I was supposed to...
  4. Expat Tax
    Hello everyone, I was born in the US (by non-US parents) but have no ties to the US. I was raised in Europe and lived there all my life. 4 years ago I found out about my wonderful US tax obligations and (as recommended by a tax attorney) started filing FBARs. As I was still studying and had no...
  5. Expat Tax
    Hello everyone, I am a new member from UK living in US for many years. I now have learned that I should have filed FBAR. I had no idea and I am freaking out, I have done a lot of research and getting more and more confuse and anxious. I would really really appreciate your advise and sharing...
  6. Expat Tax
    I was going to fill out my 2018 FBAR last night and went to the Treasury website to download the PDF so I could fill it out. But after the form downloaded I noticed it seems the Treasury hasn't updated the FBAR form for this year. I know that because the form still states "The new annual due...
  7. Expat Tax
    Hi - I am the Scottish husband of a US citizen who has lived in the UK for 29 years. My wife has had a modest income for the past 15 years - between £4000 and £6000 - and for the last 5 years has had a self-employed status. We were not aware of the requirement to declare income, even at a low...
  8. Expat Tax
    I am working on preparing my FBAR filing for 2017. I am a US person living abroad. I am a 39% owner in a company and also a signatory on its bank account. The company took a loan that was deposited into the account. should the maximum value of the account be reported including the loan or...
  9. Expat Tax
    I filed an Fbar for the 3rd time yesterday and forgot to add 2 checking accounts. I only added the biggest one. The accounts in question have a couple of thousand dollars on them. Together they get over 10k. I have mentioned them in my earlier FBARs.. Very worried about penalties or getting...
  10. Expat Tax
    Hi, I am a dual Spanish and US citizen. My wife is a US citizen. I have lived as Spaniard in Spain all my life and my wife since 1985. In 2014 we realized that we had to file for US taxes and we used the streamline procedure. Since then we have filed the 1040 income tax return and the FBAR. In...
  11. Expat Tax
    Hi, My mother was French and held various French financial and real estate assets. When she died following French law my father became life tenant/usufruct owner of her French estate. My siblings and I became the remaindermen/naked owners of her French estate. I believe the IRS has ruled that a...
  12. Expat Tax
    Hi all I've resolved to catch up on FBARs and FATCA and have read stuff until I am nearly blind, but still cannot figure out the answers to several questions. Does anyone else have more certain knowledge on these? FBAR: bank accounts, fine, including various charity accounts where I am...
  13. Expat Tax
    Hi, just became a member. I have been doing a lot of searching and reading the US IRS publications regarding FBAR, and also searching forums like this one for the case wherein one has multiple accounts with transfers from one to the other (e.g. transfer from savings/checking account to open a...
  14. Expat Tax
    Hello I was a dual-status resident during 2016 (resident until Jan 27, non-resident to the end of the year). I did have a foreign bank account (foolishly opened it on Jan 13) with less than $10 000 total while being considered as a resident. Then when I accumulated more then $10k during my...
  15. Expat Tax
    The DA "FBAR/FATCA Task Force" (which as far as I know is not a force and has no task) has posted some comments on the DA website at FBAR/FATCA Task Force Report - Democrats Abroad From the FATCA bit: Also comments on the most recent American Citizens Abroad proposal for Residence Based...
  16. Expat Tax
    Hello, For people who were born and lived outside of the U.S for most of their life and had a saving account (meant for a large purchase like a home) of about $90K, but moved in the U.S since 2009 and recently became naturalized (so a U.S citizen) but never disclosed through FBAR this account...
  17. Expat Tax
    Hello, I am in the confusing process of filing Canadian taxes for the first time (late) and found out about FATCA online. It is overwhelming because I don't exactly know how it will impact me but I do know it will impact me, please help... About Me I am a citizen of Canada & the USA -- I moved...
  18. Expat Tax
    http://www.anaford.ch/wp-content/uploads/2015/12/taxnotes.com_-_suit_challenges_preponderance_of_evidence_standard_in_fbar_case_-_2015-12-18.pdf
  19. Expat Tax
    Quick question: I understand bank accounts like checking and savings accounts need to be reported on the FBAR, but should you also include PayPal, Amazon seller, and Ebay accounts on the FBAR? (this is assuming those accounts aren't used for business, but just to sell old stuff you have and...
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