[US Citizens] Tax Amnesty [extended 15 Oct 09] - FBAR Reporting
I am new to this board - call me an idiot (please don't) but I never paid any attention to the US tax amnesty for Sept 23rd. I didn;t think it applied to us since we are Swiss.
Ok, my husband is swiss born and when we married years ago I became swiss too. My husband had money in Switzerland for 40-50 years and never declared anything to the USA. We of course pay taxes in USA and Swiss too since we have a little income and an apt.
We have been in Switzerland for the past 5 months and didn''t read anything about this tax amnesty sept 23rd.
Since we are here we became Swiss residents since we are retired and we love it here. Yesterday on Yahoo I saw this Sept 23rd deadline.
We want to do the right thing and declare the little money we have here however I don't know how to declare it by Sept 23rd. I read tons of websites and I can only find one way to declare and that was to submit amended US tax returns for the past 6 years and then apply the Foreign tax credit.
My question - is there any way to declare by Sept 23rd without doing the tax returns right away. Our US accountant is on vacation and it would be impossible.
We realize we need a lawyer immediately but want to know if there is any other way to declare. We are not going back to the states until year end.