This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Hello everybody
I am required to file FBAR this year. Among my accounts I have a Canadian PayPal (with my address in Canada and CAD). How should I fill the form TD F 90-22.1 for this account? I mean I understand for the Account number or other designation, probably I should put my email (am I correct?). But what about “Mailing Address (Number, Street, Suite Number) of financial institution in which account is held “? PayPal doesn’t have any address in Canada as far as I can find. Could you please shed some light on this? Do you aware of the address I should put on the form ?
Thanks
Since paypal doesn't have an offcie in canada, why would you think it is a "cdn" account. It isn't. It is merely denominated in CAD.
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
Nelsona, is a paypal account something a canadian should place on the FBAR?
I was told that it does not as it is technically linked to one of your already listed (FBAR) accounts and besides it |(mine anyways) carries a '0' balance and is used for purchase only.
and if it is suppposed to go on the FBAR then it has to go on the 8938....sh*t....looks like i am back to making FBar AND 8938 amendments for an account that holds zero dollars!
Re-read what i said. Paypal is not a foreign account.
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