Serbinski Accounting Firms

This is what I found out so far please correct me if I'm wrong. 1. Life insurance policy itself is not taxable. Only the interest earned on the policy is deemed taxable income. 2. Report on 8938 that account was closed during the year in Part 1 and also on Part V 3b. On the FBAR report as normal. Th...

1. Life Insurance benefits taxable in the U S or California? 2. Closing of deposit accounts in Canada (joined for security). Monies transferred to Estate account. Reporting of closing accounts to IRS and FBAR any problems doing that or is there something else that needs to be done? 3. Selling of pro...

FBARs can they be amended 6yrs back without any penalty. All tax was paid
on all accounts held in Canada?

Do I need to report the Interest or Dividents earned on joint accounts on form 8938 that is held in Canada? The other joint account holder my mother reports it on her Canadian return. I'm only on the account for security reasons only.

Thank You Eh!