Hi folks,
Grappling with filing US taxes for the first time, any thoughts appreciated. I'm a UK citizen, married an American in the US in Nov 2020, green card issued Nov 2021, started my first US job in Jan 2022.
As I understand it, my income to date in 2022 is not what is being taxed in this filing, however, as I have savings over $10,000 still in UK bank accounts, I do need to file the FBAR and Form 8938, and, I think I probably should have filed them in 2020 and 2021, too?
Other than UK interest on UK savings easily below $500/yr, I haven't any income while I've lived in the US, until this January. My husband therefore thinks we should file jointly, as my negative income + UK interest will be better balanced out by his income - sounds pretty reasonable, I think?
Additionally, I've been reading that UK govt Premium Bonds (acquired many years ago) are possibly considered as "gambling" by the IRS - anyone know anything about that?
Thanks