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hi welcome to tax.crypto im memory shear and today i want to talk to you briefly about foreign taxation its a matter that for individuals that have may have some foreign activities or need to file certain foreign forms or kind of some forms that are not normally used lets talk first about the fbar foreign bank account reporting forms theyre now called vincent these this form has to be filed by april 18th or if you file an extension it will be automatically extended with that extension foreign bank accounts means that if you have a foreign bank account you must report it if it has 10 000 or more dollars then it gets reported to the treasury department not to internal revenue service to a different department and that gets filed separately so you need to in the information youre going to need is the name of the bank the account number the address of the bank and the the highest balance you report the highest balance in that account during the year so dont say well i took most of th
