You are subject to FBAR reporting in you are a joint owner in
a foreign account, click here
for more information. If you receive income from the account you report that as
interest income, however, you may be able to claim a credit for taxes paid to a
foreign country. For example: if you pay foreign tax on the part of the interest
earned, you may qualify to claim that foreign tax as a credit, and you also would
report the interest as taxable income, click
here
for more information.
