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| For (a minor) clarification: You must report all accounts (as you wrote), if the aggregate value of all accounts is over $10k etc etc. (The $10k threshold is not per account...see the instructions here.) | |
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Yes, accurate, my mistake.
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| Well, the reporting requirements (form TD-90) have existed for at least 15 years, so...how do you feel?
Presumably you'll agree it is less intrusive than a country (FR or CH) that can demand a list of all your worldwide assets (not merely financial accounts), in order to impose a wealth tax ? | |
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I'd prefer not to be taxed by a country I don't live in.
And as you say, they
can demand. And they don't hold the power that the IRS does.