|
Posted by pleasedontemailme on February 5, 2007, 8:03 pm
Please log in for more thread options
>> met with my accountant today and he pointed out that I
>> should file a TDF 90-22.1
>>
>> I'm worried that I missed sending it sooner as I've had the
>> account (savings account to care for elderly parent) for a
>> few years and wonder if I should write a cover letter
>> explaining why I did not send it in sooner? The account also
>> earned a little interest ($100-120) which I will also
>> report.
>>
>> the explanation "I missed the requirement" does not sound
>> like a plausible reason but it's the truth, should I send it
>> in or not?
> I would not file the back reports nor send a letter. In all
> my years of working with expats, I have never had clients
> file missed reports and have never had a problem.
I agree. This form has been a hot topic in the higher ed
tax world the last year or so - a lot of universities have
endowments with investments outside the US and have been
missing this form. I have yet to hear of any penalties
being assessed for failure to file.
-Crystal
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap