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Get your taxes done using TurboTax
Thank you. I'm not trying to hide anything from the IRS. I just didn't know anything about FATCA. When I opened those foreign account. Also, the foreign bank needed my SSN.
I was more worried about any possible fines that I can get anything before 2024. But from what I read and your response, My wife and I are safe because my wife was not a resident and while I was living abroad, I was below (Less than 100K...MFS and living abroad) the threshold to file form 8938
However, for the 2024 taxes, we have to file because we went over the threshold.
If I mistaken anything that you wrote, please let me know. I truly appreciate your response. Also, thank you for the article.
March 4, 2025
12:18 PM