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Reminder FBAR Filing


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FBAR is a form that the US Treasury department wants you to fill out electronically if you have over 10,000 USD in bank/institution in foreign country.  Its very easy to fill out and yes if you do your taxes and are honest they already know about it.   Note its a Treasury department form and not an IRS form so the Taxpayer bill of rights does not apply. It seems the government loves to torture expats.  Own a business over a certain amount here and the commerce department has a form to fill out also. Pretty soon we will need a lawyer/Notary to be an expat.  You now have to export your car to Mexico if you wish to nationalize it. Takes a day or so.   Anybody exported car lately to Mexico and had to deal with this?

 

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the biggest take away is the change of due date for 2016 FBAR - I suspect a lot of people will be caught late next year.   I have updated my Yahoo calendar to remind me before April 15, 2017

 

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