Crypto and FBAR Reporting
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- čas přidán 15. 12. 2022
- FinCEN Notice 2020-2
tinyurl.com/3demt8fk
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FBAR Video
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FinCEN Notice 2020-2
tinyurl.com/3demt8fk
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide
bit.ly/3SICdD0
Mexico Consumer Rights Card
etsy.me/3H9jNt4
Good info to know, as always, thank you Paul!
My pleasure!
Cool coffee cup Paul 😊
You really get some fun responses to your vlogs...Thanks for the info and the research I'd rather not do on my own from a cold start! Looking forward to your next installment, maybe you'll have a guest appearance from Linda!?!
I do get some interesting responses...lol. I tend to do the technical vlogs alone because they bore Linda. She does like to do the travel vlogs though.
@@qroo I like both the tech vlogs and the travel vlogs, you both do a great job. My wife is a dual citizen, I will be beginning my journey, starting with residency, soon, and a lot of your shared information helps calm my anxiety about it - even with my wife's status being as it is.
Great info
Still confused if I have to file for 2021 and on
Did they change the regulations now since you made the video
I have a crypto brokerage account
I send US dollars to make buy orders for crypto that I want
Does this trigger the need to file FBAR since I transfer US dollars into the account
Any info would be appreciated
HI! Have you ever researched Cetes Indirecto - from what I gather its like mexican treasury bonds, The rates are at 11% and curious what you know about them! Thanks!!
I'm thinking with the recent FTX scandal none of my money is going to be held in anything crypto
Dolarapp doesn't report to the US government because it isn't a bank by official means. I would be cautious of transferring from US to Dolarapp directly as this would give the US government a paper trail to your dolarapp account.
What's the downside to that?
Paul as always you clips are informative and well produced… respectfully you are one of those guys you want on your team, keep up the good work because i pick up a lot of tip bits of valuable information and you motivate me to dig deeper on a variety of topics. Now, you certainly have some big ones attempting to tackle this topic. Not the FBAR aspect of it but the promotion of “Dolar App” … given the recent collapse of FTX and the fact that this is a non USA company i find it challenging to place any money in such accounts without being willing to lose said amount….people do you home with this one
Any change to MX accepting crypto assets as a way to meet Residency applications?
Not that I have seen.
Very well done
Thank you! Cheers!
But…When you purchase anything, including US dollars, with stable coins that triggers a taxable event and must be reported to the IRS. This is even though this is no capital gain.
True but this video is about FBAR reporting.
@@qroo Yeah, but many will see this video and believe that using that app will not create reportable events.
Good point.
just take cash & exchange it.
( < $ 10.000.oo at a time )
I like that
Flipper, Flipper, king of the sea..
You mean FUBAR
I wouldn't mind investing in crypto but I wouldn't know how to start! And with all the things going on with frauds like everybody one sees on the news it frightens me! I would hate to lose my savings!
I don't blame you. Investments like that can be risky.
I would research how to short crypto before investing in it hoping that it will increase in value.
Don't do it