Yeah, you. Guess what. You’re a U.S. resident for tax purposes which means you get to file all of the tax forms that residents and citizens file. So if you have bank accounts outside the U.S. that had more than $10,000 in them at any point, you are also one of the lucky folks who have this filing requirement.
Tax problems don’t look so good when you’re talking to the immigration people about visa renewal. I got a call from someone yesterday who was concerned about the amnesty process impacting his visa status. After all, if he goes through the amnesty application and isn’t eligible and is unfortunate enough to have criminal tax evasion charges thrown at him, this can jeopardize his permanent residency visa.
Just one more thing to think about as you’re going through this FBAR delinquency amnesty — immigration status.
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