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by anothermouse
3775 days ago
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The problem is not that I made a profit in selling my house, it is that my wife had money in a bank account at all. As she didn't file, she didn't know that you need to file an FBAR annually for each foreign account. And the penalties for not doing so are those mentioned above 25% of the balance a year for 5 years. and there are plenty who do file who don't know to file an fbar too. |
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