0b3hks001[at]sneakemail.com wrote:
- quote -

Not an interest, merely an expectency.

Stu

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wrote:

- quote -

I would say no: your relative can remove you.

Seth

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- quote -

I think that is too hypothetical. I hope it won't happen,
but you could be hit by a truck tomorrow. That will end
your chances of inheriting.

--
Best regards
Han
email address is invalid

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"Ira Smilovitz" <i...[at]aol.com> wrote:
- quote -

But does the fact that I would "inherit" the account be
considered an "interest" in the account?

TIA

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<0b3hks001[at]sneakemail.com> wrote:

- quote -

A TOD designation does not give you ownership or control of
a foreign account while the account holder is alive. You
will have to file TD90-22.1 after the account holder dies
and the account passes to you.

Ira Smilovitz

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- quote -

You are required to file TD 90-22.1 if you have a financial
interest in a foreign account with assets of more than
$10,000 or you are an authorized signor. I don't believe
the facts provided above obligate you to file TD 90-22.1.
See the explanations of financial interest and signature
authority on page 3 of the form.

http://www.irs.gov/pub/irs-pdf/f90221.pdf

Frederick Lorca

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I understand that a U.S. taxpayer is required to file a
Information Return [TD 90-22.1] to the Treasury if he has a
foreign financial account over $10K.

My Canadian relative is thinking of adding my name to his
account as a Transfer Upon Death. So, if I am NOT a signor
on that account, do I need to file that Information Return?

TIA

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