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Type: Posts; User: MidAtlantic
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Because you will have no US credit history insurance costs are likely to be extremely high and you are likely to have to pay large deposits for things like utilities.
Medical insurance is another...
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Google it and you will get your answer!
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Yes, FBAR is quite separate from income tax filing requirements. If you have an aggregate of more than $10,000 in foreign accounts you must submit a FBAR.
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There is no reason to freak out. Many have found themselves in your position. If, as you say, you were unaware of FBAR you are unlikely to be penalized.
Go to the FBAR website and enter the three...
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Yes it does give that impression, but the instructions say, "Step 1. Determine the maximum value of each account (in the currency of that account) during the calendar year being reported....".
So...
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The FBAR answer is, I think, incorrect.
You are required to report the maximum in each account during the year. That would be:
Savings $70k + x
CD $60k +y+z
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