L K Williams <lanny[at]loxinfo.co.th> wrote:
- quote -

I agree. This form has been a hot topic in the higher ed
tax world the last year or so - a lot of universities have
endowments with investments outside the US and have been
missing this form. I have yet to hear of any penalties
being assessed for failure to file.

-Crystal

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Jim" <jim[at]is.mn> wrote:

- quote -

I would not file the back reports nor send a letter. In all
my years of working with expats, I have never had clients
file missed reports and have never had a problem.

Lanny K. Williams, CPA
Nawarat, Williams & Co., Ltd.
Income Tax Services for Expatriate Americans

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I would write a cover letter letting the Treasury Department
know that you were unware of the filing requirement and that
as soon as you became aware of the requirement, you took
steps to have the forms completed and filed. I would file
the form for the last 3 years. I have not seen penalties
applied in this area where the taxpayer makes a good faith
effort to comply.

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met with my accountant today and he pointed out that I
should file a TDF 90-22.1

I'm worried that I missed sending it sooner as I've had the
account (savings account to care for elderly parent) for a
few years and wonder if I should write a cover letter
explaining why I did not send it in sooner? The account also
earned a little interest ($100-120) which I will also
report.

the explanation "I missed the requirement" does not sound
like a plausible reason but it's the truth, should I send it
in or not?

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