unclesam
04-03-2003, 03:29 AM
As per this link you are suppose to report all of your foreign accounts if the agg. value of all the accounts are more then $10,000.
Link
www.irs.gov/faqs/page/0,,...28,00.html (http://www.irs.gov/faqs/page/0,,id%3D15928,00.html)
Search for Q>
"I have a bank account in a foreign country. Do I have to report the interest?"
Also you have to report your foreign account interest(in 1040 form) as well as accounts(in TD F90 22.1 form)
www.irs.gov/pub/irs-pdf/f9022-1.pdf (http://www.irs.gov/pub/irs-pdf/f9022-1.pdf)
Just FYI.
Link
www.irs.gov/faqs/page/0,,...28,00.html (http://www.irs.gov/faqs/page/0,,id%3D15928,00.html)
Search for Q>
"I have a bank account in a foreign country. Do I have to report the interest?"
Also you have to report your foreign account interest(in 1040 form) as well as accounts(in TD F90 22.1 form)
www.irs.gov/pub/irs-pdf/f9022-1.pdf (http://www.irs.gov/pub/irs-pdf/f9022-1.pdf)
Just FYI.