PUBLIC SUBMISSION

As of: 1/12/21 11:17 AM
Received: January 08, 2021
Status: Non_Public
Tracking No. 1k5-9l3y-qebp
Comments Due: January 15, 2021
Submission Type: Web

Docket: FINCEN-2020-0013
Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Reports of Foreign Financial Accounts Regulations and FinCEN Report 114, Report of Foreign Bank And Financial Accounts

Comment On: FINCEN-2020-0013-0001
Agency Information Collection Activities; Proposals, Submissions, and Approvals: Renewal Without Change of Reports of Foreign Financial Accounts Regulations and FinCEN Report 114, Report of Foreign Bank and Financial Accounts

Document: FINCEN-2020-0013-DRAFT-0009
Comment on FR Doc # 2020-25216


Submitter Information

Name: Anonymous Anonymous

General Comment

I find the double reporting to the treasury and IRS of my bank account balances is a burden.
I married and chose to live in my spouses country. So what the US considers foreign accounts are actually domestic accounts.
We need Residency Based Taxes. The FBAR requirement is costly (extra paperwork) and burdensome and very likely ineffective.