Foreign Accounts and FBAR Requirements
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- čas přidán 5. 08. 2021
- This video discusses FBAR submission requirements for U.S. citizens and permanent residents. For more information, check out these links:
IRS info on FBAR: www.irs.gov/businesses/small-...
FinCEN’s BSA E-Filing System: bsaefiling.fincen.treas.gov/m...
The instructions and requirements are available in PDF form via this link:
www.fincen.gov/sites/default/...
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide
bit.ly/3SICdD0
DISCLAIMER: I am not a lawyer, real estate professional, immigration specialist, import broker, financial advisor, major league umpire or astronaut. The information provided in my videos is based on my own experiences and/or research and is not intended to serve as professional advice. I make no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of said information. In other words, take some responsibility for your own life choices and conduct your own research before making important decisions.
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide
Come across this video as I am searching around to better understand about the FBAR. Very concise, informative and fun to watch. Also very helpful with the provided link. Thank you!
Thank you so much, once again! You are like the classic Robin Hood 😹😹😹 always there to assist the underdog.
Great info. I like this video because it applies to any foreign country you live in. This is one great reason I like all your videos, they don't only apply to expats in Mexico but anywhere.
Thank you for posting this video! I filed my form in time. Whew!
Awesome video! I loved the humor and your editing!!! Great work.
Loved the dry, deadpan presentation also, loved your sidekick. Without the sidekick, I still thoroughly appreciated the data.
Thank you for this information, I had no idea this existed. So at least now I know what to prepare for when the time comes to retire down south!
Well done! Loved this vid!! And ty for ALL of the info you share on your channel!! Because of you and two other CZcamsr’s channels (but mainly your channel) I have got my partner to consider moving to Mexico. I’ve lived there before, almost 20 years ago… just me and my kids (they were both little at the time- under 5 y/o) it was beautiful and I absolutely did not want to come back but I dis not have the money to pay for and send them to a good school where they would have learned in English.. so I came back to the USA and waited until their schooling finished, now I am chomping at the bit to get back but my partner (of 6 years) thought I was crazy for even suggesting it. So I started showing him your videos first and that got him hooked! Now we have honest open discussions about it trying to.. Idk plan I guess and work out the kinks.. (he’s a planner, I’m a caution to the wind on steroids) and now he’s even asking other people opinions and to my surprise 4 of the 5 people he has talked to are planning/wanting to do the same thing lol.. so I just wanted to thank you!!! Your gonna be the ones that helped me get back to Mexico ~namaste😊
Keep your money in a bank in the USA and withdraw it via ATMs in Mexico as needed. If you have a Charles Schwab checking account, they will reimburse you the ATM fees.
Hi Paul. Thanks for the info. That was a fun video.
Great info Paul, I've never heard of this before and will keep it in mind when we retire to Playa in 2023.
I’m not even from the USA but enjoyed the video just for the awesome editing! Very cool 😎
Very informative~ thank you~ love the back and forth with yourself🤣
Another excellent and informative video. Thank you!
😂 love this conversation between the two of you and yourself 😂
Newbie expat in cdmx sends a big GRACIAS! Would have blown it, but for your video. Thx
Great information Paul, While I knew about this reporting requirement (CPA told me) it is not something that is generally known and if one is living overseas easy to fall into non-compliance. Like if you transfer money into a bank account for a few days/weeks as you are buying a home
Thank you, I had never heard of this. It does apply to me.
Fun video, great job!