Search found 2 matches
- Mon Jun 30, 2014 11:47 am
- Forum: Canada / United States Tax & Accounting
- Topic: fbar for beneficial interest in trust
- Replies: 2
- Views: 1837
- Mon Jun 30, 2014 5:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: fbar for beneficial interest in trust
- Replies: 2
- Views: 1837
fbar for beneficial interest in trust
Hi, My understanding of the fbar rules is that you only have to report a trust if you qualify as having a financial interst in it, which is defined as a present beneficial interest of more than 50%, or being entitled to more then 50% of the trusts proceeds that year. So, even if I am otherwise filin...