4 ms·
Did you make sure to file the FBAR report on all your foreign bank accounts and other financial accounts such as any mandatory retirement accounts? I believe th
by oijaf888 13y ago
Did you make sure to file the FBAR report on all your foreign bank accounts and other financial accounts such as any mandatory retirement accounts? I believe the basic part of filing taxes (such as that) is pretty easy, the hard part is when you have to disclose every account that you may be considered to have control over and in some cases pay taxes on it. I think I saw somewhere else that you may have to pay US income tax on the gains in your German retirement account, even though its similar to social security and you have no access to it.
- mbesto 13y ago> Did you make sure to file the FBAR report on all your foreign bank accounts and other financial accounts such as any mandatory retirement accounts? Yes. That's even easier than a tax return. You simply put in "This account exists from this bank in this country, and holds X amount"
- oijaf888 13y agoIt's interesting that you've found it so easy, first hand antecedents are always useful. Everything I've read about living in another country and having any sort of investments or tax deferred retirement accounts in that country seems like it turns into a paperwork nightmare, especially if you invest in foreign mutual funds.