MEXICO BANK ACCOUNT

by midalake @, Thursday, December 19, 2019, 18:44 (2520 days ago) @ B&S
edited by midalake, Thursday, December 19, 2019, 18:52

Have seen a lot of comments about having a Mexico bank account on the string regarding ATM fees.
A few years ago we cancelled our Intercam account because they wanted us to sign disclosure permission to the USA. And we did not want to check that dreaded box on our USA tax filings that we have a foreign bank account.
QUESTION: has anyone run into problems with the USA IRS on declaring a foreign bank account? Any advice?
Thanks


The law.

You only have to inform the government if you own a foreign bank account if it has more than $10,000 in it.

Since I maintain an account balance below $10,000 ;-) I am unable to report on reporting a foreign account.

Don't worry about the forms.

D


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