by salvajeuno » Thu Oct 27, 2016 2:19 pm
IMHO: Since the U.S. government has an agreement with Cambodia ( reporting of any US citizens with
bank accounts, etc. ) it would be prudent to report this on the Schedule B form.
Below is IRS Schedule B / Interest and Ordinary Dividends:
Two important questions of this Schedule: first, did you have any bank accounts, etc?
and secondly, if so, did the combined total of all accounts exceed $10,000.00 at anytime during the year.
IRS / Schedule B - Part III -
You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a
foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.
7a At any time during 2014, did you have a financial interest in or signature authority over a financial
account (such as a bank account, securities account, or brokerage account) located in a foreign
country? See instructions . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial
Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114
and its instructions for filing requirements and exceptions to those requirements . . . . . .
b If you are required to file FinCEN Form 114, enter the name of the foreign country where the
financial account is located____________________________________________________
8 During 2014, did you receive a distribution from, or were you the grantor of, or transferor to, a
foreign trust? If “Yes,” you may have to file Form 3520. See instructions on back . . . . . .
IMHO: Since the U.S. government has an agreement with Cambodia ( reporting of any US citizens with
bank accounts, etc. ) it would be prudent to report this on the Schedule B form.
Below is IRS Schedule B / Interest and Ordinary Dividends:
Two important questions of this Schedule: first, did you have any bank accounts, etc?
and secondly, if so, did the combined total of all accounts exceed $10,000.00 at anytime during the year.
IRS / Schedule B - Part III -
You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; [b][i][color=#800080](b) had a
foreign account; [/color][/i][/b]or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.
7a At any time during 2014, did you have a financial interest in or signature authority over a financial
account (such as a bank account, securities account, or brokerage account) located in a foreign
country? See instructions . . . . . . . . . . . . . . . . . . . . . . .
If “Yes,” are you required to file FinCEN Form 114, Report of Foreign Bank and Financial
Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114
and its instructions for filing requirements and exceptions to those requirements . . . . . .
b If you are required to file FinCEN Form 114, enter the name of the foreign country where the
financial account is located____________________________________________________
8 During 2014, did you receive a distribution from, or were you the grantor of, or transferor to, a
foreign trust? If “Yes,” you may have to file Form 3520. See instructions on back . . . . . .