FBAR actually in some circumstances applies to any account with $5000 in it, the $10000 dollar limit is when FATCA (Foreign Accounting Tax Compliance Act) kicks in. This limit also applies to your wife (or husbands) account since the IRfuckingS considers American Law applicable across the whole entire globe.
but, but this law is for those nasty billionaires who hide their monies in Swiss an stuf!!!
Tell that to my best friend who's wife added him to her account. 30 days later her bank got a letter from the IRfuckingS demanding that she send them all of her Bank transactions, a detailed list of all of her payments and incomes etc, etc, etc. Keep in mind that this is a foreign national who is not an American Citizen or Resident. Another guy I know went into the Embassy for a routine thing and they confiscated his passport.
I have a hundred reasons to hate that fucking nigger but him signing this bullshit Bill into Law is my #1. Fuck that guy and fuck the IRfuckingS!
(post is archived)