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?
Didn't report one foreign account
Moderator: Mark T Serbinski CA CPA
Re: Didn't report one foreign account
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