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FBAR Question

FBAR Question

Old Mar 21st 2014, 10:23 pm
  #1  
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Default FBAR Question

Hi,

Sorry I know there are a few threads on here already but I might have a different question (+ not very knowledgable or understanding when it comes to taxes).

Short back story, I left the us for uk in Jan 2013. My company is paying for all the different tax returns I need etc. Today my US Tax attorney sent me an email with the last lot of questions but it was the first time he mentioned about the FBAR form. In November 2013 I sold 1/2 a share of a house I owned that I had received via inheritance, of course it takes me over the threshold needed (but lower than capital gains here in the uk). So my question is, will filling in this form mean am I tax liable in the US or do I get screwed in any way bc of it? *just very worried & my tax attorney is not responding to my questions.

Cheers in advance.
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Old Mar 22nd 2014, 12:33 am
  #2  
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Default Re: FBAR Question

Originally Posted by Icklerichie View Post
Hi,

Sorry I know there are a few threads on here already but I might have a different question (+ not very knowledgable or understanding when it comes to taxes).

Short back story, I left the us for uk in Jan 2013. My company is paying for all the different tax returns I need etc. Today my US Tax attorney sent me an email with the last lot of questions but it was the first time he mentioned about the FBAR form. In November 2013 I sold 1/2 a share of a house I owned that I had received via inheritance, of course it takes me over the threshold needed (but lower than capital gains here in the uk). So my question is, will filling in this form mean am I tax liable in the US or do I get screwed in any way bc of it? *just very worried & my tax attorney is not responding to my questions.

Cheers in advance.
FBAR does not affect your liability for US tax!
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