Good afternoon
I am filing my US taxes for the first time and wonder whether I have to declare my HSBC saving account and a British mutual find.
All help much appreciated.
Cheers
Officially yes.
Now the internet police are on to you . .. .you definitely should
Doesn't it depend upon the amounts in there? Something like $10,000 per year - less than that, I don't think they're interested.
Thanks Marmitemaniac and Pilgrim_007. That helps a lot.
I made the mistake of declaring a currant account with next to nothing in it and they sent back a bigger form to fill in and send somewhere else with some other stuff. I've not declared since seeing as it's such a pain in the tailbone.
Yes, it is asked in schedule B part 111(interest and ordinary dividends) at the bottom of the page.Read the instructions in part B-2 of your 1040 instruction book for what is required to report.
Yes I think there is a $10,000 figure .
Also, do not forget to put your dividends in on part 11,regardless of what you mark, that way I would say you are covered. 8)