I'm not sure what that is, but I once had more than $10,000 around 10 years ago, but that was all invested in my current apartment. So now my local account balanceIs never more than 2000 soles, but usually much less since I have to spend almost all of it every month just to pay my bills.Alpineprince wrote:What country are you a citizen of? I am a citizen of both Peru and the US.
Ever had more than 10K in this account? I have never had more than $10,000 in this account. It's a local currency account and I rarely make more than 2000 Soles per month
Ever filed a FBAR in the USA?
Lon wrote:I'm not sure what that is, but I once had more than $10,000 around 10 years ago, but that was all invested in my current apartment. So now my local account balanceIs never more than 2000 soles, but usually much less since I have to spend almost all of it every month just to pay my bills.Alpineprince wrote:What country are you a citizen of? I am a citizen of both Peru and the US.
Ever had more than 10K in this account? I have never had more than $10,000 in this account. It's a local currency account and I rarely make more than 2000 Soles per month
Ever filed a FBAR in the USA?
Alpineprince wrote:Lon wrote:I'm not sure what that is, but I once had more than $10,000 around 10 years ago, but that was all invested in my current apartment. So now my local account balanceIs never more than 2000 soles, but usually much less since I have to spend almost all of it every month just to pay my bills.Alpineprince wrote:What country are you a citizen of? I am a citizen of both Peru and the US.
Ever had more than 10K in this account? I have never had more than $10,000 in this account. It's a local currency account and I rarely make more than 2000 Soles per month
Ever filed a FBAR in the USA?
I would go ahead and give the bank your information. FBAR is a report you need to file once a year with your taxes if you ever had a balance of more than 10,000USD (combined) in Peruvian bank accounts. Failure to file is subject to a fine of the greater of $25,000 or 10% of the amount. If you never go over this balance you DO NOT have to file the FBAR.