Quote:
Originally Posted by fotze2
He's got some stuff from American inheritances but we put everything in my name to try and avoid it.
Its more the wife having to go back the 20 years she lived here and our joint accounts because we didn't know we had to file them. That cost $5k to a US tax lawyer to tell them she didn't owe them anything. I'm just assuming it will be as big of a pain, but maybe not. But that's why I said go for it.
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Yikes, FBARs should be pretty straightforward, just list every single non-US account you might have. There are no tax implications with it, just information for the IRS. That tax lawyer sounds like robbery.
It should be much more simple next year too. Just copy/paste the information from the FBAR from this past year and update a few bits of information. It should take very little time, especially with the template already set from last year, and adding any additional accounts opened since then.