Hello,
Is there any advantage or disadvantage for amending one's tax returns simply to add missing schedule B part 3 'saying yes to foreign accounts existence and country of accounts"?
i filed FBAR forms for this year and for 2 more late years and i didn't make any interest in domestic and foreign accounts.
i dont mind amending all 3 taxes just to add the schedule even though it doesn't make any difference in overall income.... unless it attracts more scrutiny and chance for audit eventhough i dont have anything to hide!
Thanks,
Nancy
Missing Schedule B
Moderator: Mark T Serbinski CA CPA
I would not amend just for this as long as you met the requirements for the 3 questions.
Don't use 1040-EZ anymore. That is your real disadvantage.
Don't use 1040-EZ anymore. That is your real disadvantage.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best