For each foreign account that was open for any part the year, we need to know:

• The account number

• The name of the financial institution the account was with

• The address of the branch the account was from or the headquarters if there was no home branch

• The maximum account value during the year. Even if the account only had money in it for a few minutes.

• If you were the only owner of the account or how many other owners the account has.

• If any of these accounts generated interest income, and if you paid tax on that income, we'll need to know when you received the income and how much it was, as well as how much tax you paid on that income, and when you paid it.

If you have non-US investment accounts and at any point during the year had shares in a mutual fund, ETF, financial institution, or other managed funds, those will require additional information:

• What exact shares did you have, how much did you pay for them, and when did you get them

• If you sold any shares during the year, how many, and for how much

• Have you ever reported any of these shares to the IRS before

Please have all this info ready before you meet with an advisor, as they will need it file your return. Bonus points if you create a document with all this info and add it to the Uploads tab.

Also check out: How does living or working abroad impact my taxes? 

If you have any questions ahead of your appointment, please write us at info@brasstaxes.com.