9 replies to this topic

[jcfrag]

Does anyone know what the US is wanting as far US money in foreign accounts. I have heard a lot of talk, but not sure of the particulars and how it would effect our WARKA accounts.. What is the best way to handle said WARKA accounts to appease the IRS???? And is that the way it is really being done in the collective opinion?

[jaman]

Does anyone know what the US is wanting as far US money in foreign accounts. I have heard a lot of talk, but not sure of the particulars and how it would effect our WARKA accounts.. What is the best way to handle said WARKA accounts to appease the IRS???? And is that the way it is really being done in the collective opinion?

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[BrokeNoMore]

Join VIP, get tons of great advice.

[20MillionDinar]

Does anyone know what the US is wanting as far US money in foreign accounts. I have heard a lot of talk, but not sure of the particulars and how it would effect our WARKA accounts.. What is the best way to handle said WARKA accounts to appease the IRS???? And is that the way it is really being done in the collective opinion?

Personal Warka Account: Anything over $10k needs to be declared to the IRS

Corporate Account: Depending on how your corporation / trust / foundation is setup and which jurisdiction it is incorporated in will determine whether or not the Warka account needs to be declared to the IRS.

[jcfrag]

Thank you 20mil.


jc

[20MillionDinar]

Thank you 20mil.


jc

No problem.

[rightsonword]

Personal Warka Account: Anything over $10k needs to be declared to the IRS

Corporate Account: Depending on how your corporation / trust / foundation is setup and which jurisdiction it is incorporated in will determine whether or not the Warka account needs to be declared to the IRS.

You the man. Thanks for the helpful reply.

[rockfl9]

If you "control" a foriegn account of any size you must file an FBAR by June 30!...

[rockfl9]

I was wrong ..Checked the IRS website and it is $10K... Form TD F90-22.1

[jcfrag]

I was wrong ..Checked the IRS website and it is $10K... Form TD F90-22.1

LOL

Thanks Rock. I appreciate you going back and updating. We all actaully read these things because we know the info here, from past experience, is not abunch magical gurus spouting off info with nothing to back it up Here's to keeping it real!!!