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newbie87

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  1. Probably depends on how long you've been married and if you've lived with your spouse or not. For us they only asked how we met, where we got married and why that was it, but then again we've been married for over 5 years with kids and lived together all those time.

    But if your married is recent then you'll be asked a lot more....the same goes for the folks with 2 year conditional green card

  2. My wife and I got married overseas (outside U.S. And France) is it really necessary to registered Our marriage with the French government ? Our marriage is recognized by the U.S. Government and my wife has her 10 years green card, keep in mind that we have no intention of moving back to France which is why we never registered our marriage.....will she has trouble when it comes to US citizenship because we don't have "live de famille"

  3. Just a quick question....I'm traveling back to my home country with my kids for a month visit....since my kids are U.S. Citizen by birth (their father is U.S. citizen) will I need a letter of consent from my husband (the biological father) when traveling overseas with the kids without my husband?

    Also I'm a 10 years green card holder, can I just get back into the US with just my green card or do I need anything else? Thank

  4. Only the interest paid to you or spouse in 2015.

    How does it work for FBAR??? It said to report any amount that's over 10,000??? I still need to buy planes tickets and Christmas gifts? What amount should I put on the FBAR form??? And do I need to provide them with any evidently?

  5. Yes look at the form. Line 8a is for total interest earned anywhere. https://www.irs.gov/pub/irs-pdf/f1040.pdf

    Schedule B is where you itemize it. https://www.irs.gov/pub/irs-pdf/f1040sb.pdf

    for example...

    Wells Fargo Bank $5.10

    Bank of America $10.90

    Barclay's Bank. $20.00

    Total $36.00 (goes on the form 1040, Line 8a)

    Thank you thank you a million. It all make so much sense now. Never though in a million year I would have declare it but I guess that's what happen you become a resident

  6. You will do FBAR on your 2015 $30k account by June 30 of next year. Submit report online. If I remember it correctly you list account number, where it is, and highest balance during 2015. It might also ask if it earned any interest and if you reported your interest on the tax return. I have forgotten the exact details because we do both FBAR and FATCA and the form details are not fresh in my mind. Just follow the directions. It is not difficult.

    If your name is on a foreign account or combination of accounts exceeding $100k during 2015, that account is reported on FATCA. That also goes for a U.S. Citizen who holds money in a foreign account. For an individual tax filer it is $50k. It bumps up to $100k when you file with a spouse. The whole thing is actually aimed at USCs who try to hide money in offshore accounts and not pay tax on earnings from those investments. But as an immigrant who files as tax return for 2015, it applies to you as well. Read all the details, for there are many. Foreign pension accounts are part of FATCA as well. That's why we file it each year...to report the foreign pension holdings. There is no tax on it.

    Bank interest is taxable. Dividends paid by stocks are taxable. Capital gains are taxable. That is when you sell an investment for more than you paid for it (like a stock). The profit is taxable in part depending on how long you held the investment. New money paid to you in the tax year is taxable, but not the whole value in the investment account.

    Ok thanks, one last question, do I mention it in our tax return since we will be filing jointly?

  7. Ok just to check if i understood correctly, i got less than 30k in my saving account back in my home country, I will have file FBAR is this correct?

    . The 100k is it both of my husband earning combined with my savings? (I don't work I'm a full time mom since we got married) my husband has filed jointly since we are married but I earn nothing and we were living overseas, didn't have a green card or any visa to the U.S. So we didn't declare it before.

    And only my bank interest would be tax

  8. Yes you must declare them if the combined amount has exceeded $10000 at any point during the year. Speak to a lawyer if you've filled a tax return already and not declared them as there are penalties.

    There's a discussion here with links to the forms and rules.

    http://money.stackexchange.com/questions/53653/any-us-tax-implications-transferring-uk-isa-balance-to-usa

    I remember reading somewhere that the US authorities have an agreement with the UK that let's them see UK bank accounts. Not sure though.

    Even though I'm just a green card holder and not working I still have to declare it? The saving account is the holidays and anniversary gift. I don't know how that work? IRS sign is super confusing

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