I am a bit confused about this declaration.
I have Stock Certificate offered as vested RSUs by my company and compushare is the transfer agent. I do not have any foreign brokerage account.
So I have physical stock certificate registered in UK given to be as a result of vested RSU. The worth fluctuated between $8000 to $15000.
I paid the taxes when I received the vested RSU ( the bank included the amount in W-2). I pay taxes on teh dividends I receive.
From what I understand since this is not a Foreign Account and worth less than $25000 I do not have to do anything else - except pay taxes on Dividends and Any Capital Gains if I ever sell.
Am I right ?