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发帖数: 654 | 1 Good boy.
FBAR:
1. Non-Willful Violation Up to $10,000 for each negligent violation N/A 31 U
.S.C. § 5321(a)(5)(B)
Pattern of Negligent Activity In addition to penalty under § 5321(a)(6)(A)
with respect to any such violation, not more than $50,000 N/A 31 U.S.C. 5321
(a)(6)(B)
2. Willful - Failure to File FBAR or retain records of account Up to the
greater of $100,000, or 50 percent of the amount in the account at the time
of the violation. Up to $250,000 or 5 years or both 31 U.S.C. § 5321(a)(5)... 阅读全帖 |
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发帖数: 654 | 2 Good boy.
Foreign accounts and assets. As if U.S. taxpayers with foreign accounts and
assets did not already have enough cause for confusion regarding the filing
requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial
Accounts (FBAR), FATCA now imposes a second filing requirement on them.
Section 511 of FATCA creates new IRC § 6038D, which requires U.S. taxpayers
with foreign accounts and assets with an aggregate value exceeding $50,000
to report them on an informational return.... 阅读全帖 |
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发帖数: 654 | 3 Bad news for you. As you are now a green card holder of USA, you have to
report all your income worldwide to the IRS. Also, you have to disclose your
foreign bank accounts to the IRS if your total foregin asset is more than $
10,000. Please consult with your CPA before it is too late for the 50%
penalty and up to 3 years prison.
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The minimum penalty for failing to submit the required disclosure is $10,000
, and it increases by ... 阅读全帖 |
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