3 ms·
they should also make it like US expats have to deal with their foreign bank accounts. don't declare an FBAR appropriately, the US government fines you half th
by compsciphd 5y ago
they should also make it like US expats have to deal with their foreign bank accounts. don't declare an FBAR appropriately, the US government fines you half the max value of the account (and make it no cap on penalty, unlike FBAR). Don't declare stock trades appropriately, not just that trade is penalized, the entire account or even one's entire portfolio (to avoid having many many different accounts) is penalized.