1 Comment

  • Tom March 18, 2016 at 12:29 pm

    “The law requires U.S. citizens and resident aliens to report worldwide income, including income from foreign trusts and foreign bank and securities accounts. In most cases, affected taxpayers need to complete and attach Schedule B to their tax return. Part III of Schedule B asks about the existence of foreign accounts, such as bank and securities accounts, and usually requires U.S. citizens to report the country in which each account is located.”

    1. The borders of the U.S.A. are the borders of the U.S.A. Their government has no right to tax citizens of other countries just because the persons are also classified as U.S.A. citizens under U.S.A. laws because those laws end at the border.

    2.) Not only the country where the account is located but the bank name, account number and highest balance. Why would anybody object to reporting this to the “Financial Crimes Enforcement Network” as if they were criminal child molesters registering with the local police department?

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