[LottiFurmann]

Hello All,

If I deposit in a Dominican REpublic bank, (or any bank out of the US) over $10,000.00 the US governement
impose me to disclose the bank name, account and the amount on a Tax Form.

This form, the FBAR, is frankly one of the most annoying rules for Americans living abroad.

I personally feel outraged by this rule but, hey, if you dont disclose it, the penalty can be up to 50% of
the highest balance. Filing FBAR can be risky as the IRS may come and audit you.

Now i know many expats have more than $10,000 deposited/invested in the DR:

Did anyone filed this FBAR? What happened?
Is there an effective way around to file the FBAR like deposit the money in a corporation or someone else name?

Thank you for your time ;-)

[wasssallx]

I dont think posting your illegal activities on the internet is the wisest thing to do.

[Aluback]

Isn't it as easy as keeping the balance below the $10k limit ??

[Soolfelpecelf]

Hello All,

If I deposit in a Dominican REpublic bank, (or any bank out of the US) over $10,000.00 the US governement
impose me to disclose the bank name, account and the amount on a Tax Form.

This form, the FBAR, is frankly one of the most annoying rules for Americans living abroad.

I personally feel outraged by this rule but, hey, if you dont disclose it, the penalty can be up to 50% of
the highest balance. Filing FBAR can be risky as the IRS may come and audit you.

Now i know many expats have more than $10,000 deposited/invested in the DR:

Did anyone filed this FBAR? What happened?
Is there an effective way around to file the FBAR like deposit the money in a corporation or someone else name?

Thank you for your time ;-)

Do you really think you are going to be given information on how to violate the US tax laws on a public message board?

You should know that Robert has made clear in the past that if the courts order him to disclose information about the posters he will do so. Using a fake name now is not going to help when push comes to shove.

[Cydayshosse]

Do you really think you are going to be given information on how to violate the US tax laws on a public message board?

You should know that Robert has made clear in the past that if the courts order him to disclose information about the posters he will do so. Using a fake name now is not going to help when push comes to shove.

CLOSED Thanks Ken!!!!

Giga, you have been warned!!!!

[brorwargy]

You may have warned him but I gave him a 30 day vacation.