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Forum: USA

Jul 8th 2010, 11:02 pm

Replies: 15

US to get access to European bank data

Views: 1,619

Posted By lansbury

Re: US to get access to European bank data

Thanks for the correction Our CPA only reports the account with the excess of $10K in it, he doesn't report our checking account.

I'll point this out to him because he told me his company gets...

Forum: USA

Jul 8th 2010, 4:47 pm

Replies: 15

US to get access to European bank data

Views: 1,619

Posted By lansbury

Re: US to get access to European bank data

If you have more than a certain amount $10000 in an overseas bank you have to tell the IRS you have the account. Doesn't matter what interest it earns or not. Wonder how many don't do that.

Forum: USA

Jul 8th 2010, 4:26 pm

Replies: 15

US to get access to European bank data

Views: 1,619

Posted By lansbury

US to get access to European bank data

This could make it interesting for those who don't declare their UK cash on the IRS returns. Once the US has it fingers in the pie who knows what they will do with the information.
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