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Old 27.09.2007, 00:09
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Re: Americans - Do you report your foreign bank account?

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George W isn't wasting enough of your money? You want to give him more even though you live in a different country?
Umm, your location says Toronto, so you are Canadian? If so, forgive me if I don't take your advice on US taxes.

There are steep penalties for failure to report a foreign bank account which I personally would not want to incur. Further, I know of an expat who, when going back to the US for a visit, was told by a passport control officer after he scanned her passport "Thanks for paying your taxes, Ma'am."
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