USA financial account reporting in Mexico
There is a form that I just found out that is suppose to be completed by US citizens with banking/ financial accounts of $10,000 or more for fiscal year 2012. The form is TD F 90-22.1. The deadline is June 28th, 2013. |
The possible penalty of not reporting is $100,000 OR 50% of the account balance.
Has anyone else heard and/or complied with this IRS request?
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