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Old 26.09.2007, 16:10
keandro keandro is offline
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Americans - Do you report your foreign bank account?

I recently came across this information from the IRS:

http://www.irs.gov/businesses/small/...148849,00.html

And was wondering -- do any Americans living in Switzerland comply with this? Is the requirement to file only in years with an aggregate balance over $10,000? Do funds held in Swiss pillar 2/3 count? From the form:


"Who Must File this Report:
Each United States person, who has

a financial interest in or signature authority, or other authority over
any financial accounts, including bank, securities, or other types of
financial accounts in a foreign country, if the aggregate value of
these financial accounts exceeds $10,000 at any time during the
calendar year, must report that relationship each calendar year by
filing TD F 90-22.1 with the Department of the Treasury on or before
June 30, of the succeeding year."



I've filed the stupid tax return each year since living here (another topic I could rant about all day), but wasn't aware of this one. I guess they wouldn't know how much is in my "secret" Swiss bank account right? (not that there is much there anyway) Just curious what others do...

Last edited by keandro; 26.09.2007 at 16:11. Reason: font
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