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SUCKITY SUCK SUCK
I'm buried in tax reports, bank account statements, Google results for "how to fill out these $#%! forms" and confusion. My regular tax return is due June 15th and will take me about 10 minutes to complete. The other forms, going back SIX years, are due June 30th (OF 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010 and 2011), and they may very well take me the rest of my life to figure out. The information that they require is intrusive, outrageous, complicated and very likely unconstitutional. I cannot afford to pay a tax professional to do these for me. Sometimes, America, you suck.
 frustrated
mood: frustrated
music: my head exploding


Comments

Yep. Positive, and if you knew all the details of what's required, you would be even more outraged. Google FBAR.

Well, that sucks. The article I read implied one only needed to file if your accounts had more than $10,000 and it sounds like the people they're looking for are the ones with Swiss bank accounts or millions stashed off-shore somewhere. I wish you good luck and offer my sympathy!!

Supposedly, that's the the point, but regular expats like me are getting caught up in it, and $10,000 in a month isn't so hard with joint accounts, actually, plus that $10,000 is AGGREGATE.

What does aggregate really mean in this context? Like if you have three separate accounts, add them all together? Or is it deposits totaling more than $10,000 over the course of a year?

If you have 3 accounts, add them all together.

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lizardek

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