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Forum: USA

Feb 27th 2015, 5:15 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Thanks man!

And just to be sure - there are no other filing requirements for having a foreign credit card (not used as a prepaid - just a regular credit card that I am paying off), right?

Forum: USA

Feb 27th 2015, 2:03 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Yeah that makes sense. Good to know! I couldn't find any information about credit cards apart from pre paid, so I guess I can leave this off things to think about!

I take this as credit cards with...

Forum: USA

Feb 26th 2015, 11:36 pm

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Hey guys - thanks for all the responses!

Another quick clarifying question! If someone has a credit card in a UK (which I do), but it has a limit of say £7000 (which I don't), thus being more...

Forum: USA

Feb 7th 2015, 3:44 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Phew - awesome. Nothing to worry about here then!

Forum: USA

Feb 7th 2015, 3:38 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

And I guess that's the same answer for foreign life insurance? Only needs to be reported on the 8938 if you actually received some benefit from it, not just listed as a beneficiary?

(the whole...

Forum: USA

Feb 7th 2015, 3:25 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Unsure which part in 8938 - potentially Part II?

So I guess it's two questions:

Q1 - For example, if someone was listed as a beneficiary on their Dad's life insurance, would any part of Form...

Forum: USA

Feb 7th 2015, 3:01 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Haha, I do have one last question though that might clear all this up and help me understand!

The answer I found above was specifically for the FBAR - do you assume the same rules would apply for...

Forum: USA

Feb 7th 2015, 2:09 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

I worry a lot for no real reason it seems. Ultimately I want to make sure I am 100% compliant, and not missing something small.

I'm also about to go through the application for naturalization and...

Forum: USA

Feb 7th 2015, 1:43 am

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Haha, I really should stop worrying :)

And thanks for the tip - glad I can find old posts that way. Didn't even think to do that.

One last FATCA/FBAR question though - if someone is the...

Forum: USA

Feb 5th 2015, 8:13 pm

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

I believe HSBC stopped applying interest gained to checking accounts years ago - was quick a controversial thing if I remember!

And thanks for the link - for some reason that wouldn't load for me...

Forum: USA

Feb 5th 2015, 7:45 pm

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

Re: FATCA and UK banks

Ah, interesting. That's good to know. I just wanted to make sure I am compliant :) - I appreciate the info - tax season stresses me out for no reason!

Those are the right thresholds for 8938 and...

Forum: USA

Feb 5th 2015, 7:18 pm

Replies: 38

FATCA and UK banks

Views: 8,697

Posted By livinginUSA

FATCA and UK banks

Hey guys,

For an individual I know that an individual should file a form 8938 (and FBAR) to be compliant with the FATCA law. As far as I can tell, I do not need to file either of these as my...

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