Portofino Resort- Now with a new BEACH BAR!!
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#367366 - 02/12/10 12:58 PM Re: Expats! 911 of U.S. taxlaw. Earn $91k/year unt [Re: Otteralum]
Loansum-Al K Offline
Originally Posted By: Otteralum
Oops, now I have to report you. The IRS knows I saw this site and so I'm an accomplice if I don't -- sorry

wink

Thanks Otter.......and all this time I thought you were a really nice guy grin, but then again, I hear you're running for a political office......I guess that explains it laugh
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I'm happier than a pig in s__t...a foot on the sand...and a Belikin in my hand!

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#367367 - 02/12/10 01:27 PM Re: Expats! 911 of U.S. taxlaw. Earn $91k/year unt [Re: Loansum-Al K]
blat Offline
FYI, US residents with Belize accounts, there is more to it then just checking the box at the bottom of Schedule "B"

You must also file a TD F 90-22.3 (is the form # I think)

There is a de-minimus amount that if your account(s) did not exceed during that year then do not have to file the form.

The penalty for failing to do so if you get caught is SEVERE


Edited by blat (02/12/10 01:28 PM)

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#367369 - 02/12/10 01:34 PM Re: Expats! 911 of U.S. taxlaw. Earn $91k/year unt [Re: blat]
blat Offline
actually I guess I should have said US Citizens, residency is not the determinant.

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#367400 - 02/12/10 04:17 PM Re: Expats! 911 of U.S. taxlaw. Earn $91k/year unt [Re: blat]
seashell Offline
"I am not a lawyer nor a CPA, I just play one on the internet."
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A fish and a bird can fall in love, but where will they build their nest?


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