Many thanks for your information. I feel a little bit confused. Because I just plan to move to US. Therefore, I may have some mistake.
1. I think Fbar is reported based on the account not the bank or credit card company. According to the original post, I think they mean we just report the saving account rather than the credit card account via Fbar. May I ask how do you disclosure the credit card information to Fbar but not disclosure the credit card account? My assumation is that the credit card and saving bank come from two banks or companies.
2. Or do you mean the bank or credit card company would ask you to disclourse some information to them separately and they will report it to Fbar or IRS? My friend told me they have nothing to report to IRS about their credit cards in US.
Sorry if I confuse you or ask some very stupid questions. I just want to have better understanding on this complicated tax system.
