I haven't filed a return since 2008 since I thought my gross income was under the required amount for filing.Received a letter requesting tax form for 2009 as I had a CD that matured and they could not determine if it was income. After calling the IRS, they told me 2006 and 2010 were flagged and suggested sending them.
I have no problem as there was no tax for those years but after just finding out about the FBAR and never reporting my Thai bank interest and checking no to FBAR in 2007and 2008,it makes it complicated as I had no idea about FBAR or reporting overseas bank interest.
Do you think it would be better to add in the Thai bank interest for the years they are reqesting as I never entered it in any returns and also send past fbars going back to 2006.
Thanks for your advice and suggestions.
I have no problem as there was no tax for those years but after just finding out about the FBAR and never reporting my Thai bank interest and checking no to FBAR in 2007and 2008,it makes it complicated as I had no idea about FBAR or reporting overseas bank interest.
Do you think it would be better to add in the Thai bank interest for the years they are reqesting as I never entered it in any returns and also send past fbars going back to 2006.
Thanks for your advice and suggestions.