Kid Has Foreign Bank Account

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Kram BergGold
    Senior Member
    • Jun 2006
    • 2112
    #1

    Kid Has Foreign Bank Account

    US Family lives in France. Child with no income has a bank account in France. I think the kid has to file a US return due to the questions on Schedule B, correct?
    Tags: None
    • TaxGuyBill
      Senior Member
      • Oct 2013
      • 2360
      #2
      I don't think so. I've never heard that creates a requirement to file a tax return.

      https://www.irs.gov/instructions/i10...01.html#d0e413

      https://www.law.cornell.edu/cfr/text/26/1.6012-1

        Comment

        • TAXNJ
          Senior Member
          • Jan 2007
          • 2106
          #3
          Reference

          Reference Report of Foreign Bank and Financial Accounts (FBAR) (FinCEN Form 114, previously Form TD F 90-22.1
          Always cite your source for support to defend your opinion

            Comment

            Previous template Next

            Disclaimer

            Collapse

            This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

            Working...