View Single Post
  #15  
Old 11.05.2010, 16:07
rrs rrs is offline
Forum Veteran
 
Join Date: Aug 2008
Location: UK
Posts: 1,002
Groaned at 106 Times in 64 Posts
Thanked 348 Times in 226 Posts
rrs is considered unworthyrrs is considered unworthyrrs is considered unworthyrrs is considered unworthy
Re: For US citizens: new FBAR requirements 2009/2010

Quote:
View Post
It is a big deal because I don't think the US government should be able to nose into expat bank accounts. If you're no longer resident in the US, you shouldn't need to tell them what you've got or not. It is intrusive and invasive.
When someone is a citizen of the US, then they are breaking US law, if they don't file the FBAR. Why should an expat be able to hide money? It is a big deal when they are millions of taxes (billions probably) that are not paid.
Reply With Quote
This user would like to thank rrs for this useful post: