Didn't report one foreign account

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snowbird
Posts: 29
Joined: Sat Mar 13, 2021 8:37 pm

Didn't report one foreign account

Post by snowbird »

I went through tax report with my husband.
He has a Canadian chequing account with his own name, no transaction since moving to states a few years ago. Balance is around 2k.
It's reported in 8938 and FBAR for year 2020, but not in previous years.
Is it serious problem, does it impact full tax compliance?
nelsona
Posts: 18314
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Didn't report one foreign account

Post by nelsona »

I wouldn't worry about it at this point. Keep reporting in future.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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