>
Date: Wed, 7 Jan 2004 10:50:56 -0800 (PST)
-------Axel Merk wrote:-----
> but be careful that you report the appropriate >
income [from foreign bank accounts and securities] on
your US tax return
Hello all,
Axel's e-mail inspired me to go check the IRS website
for information on foreign income -- after all, I have
Swiss bank accounts and mutual funds and am already
dreading my tax return. I found the following, which
I thought might be worth sharing:
**If the combined value of the accounts was $10,000 OR
LESS during the entire tax year, you don't need to
report your foreign accounts.**
So, no need to worry about this if your investments in
Switzerland are as tiny as mine.
Reference:
http://www.irs.gov/pub/irs-pdf/i1040sa.pdf
Leonore
San Francisco
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Received on Wed Jan 07 2004 - 13:03:29 PST
