Benedette Diaferia
π€ SpeakerAppearances Over Time
Podcast Appearances
If you have $10,000 in a foreign bank account, you must disclose it now.
You won't have more.
You have to disclose it.
And no big deal.
Just disclose it.
You're better off doing it than not, okay?
Because it can be a gift, foreign gift, and no cold income here if you get audited.
That's one thing I know about a lot, too.
When you get a foreign gift, it's very important.
They can give you a gift.
It's all tax-free.
If it's over $100,000, you have to disclose it.
Because it's...
It doesn't mean you get it.
It's better.
You're better ahead of the game.
Because if you didn't get it, that money's in your bank account.
They ask you how you got it.
Well, it's a gift.
Why didn't you file a gift tax return?