My Kantonal Bank who I have a mortgage with and who has already asked me not to use my account there for regular transactions is now asking me for past FBARS and returns which, as a great procrastinator (for the returns) I am totally behind on. As far as FBAR I did not even know the darn things existed.
The other "option" they give me is to enter an "OVDP"
But I read thats for tax cheats. I am just your procrastinator (and most certainly not very wealthy, on a disability pension).
I have come across something called streamlined procedure thru another expat site which does not cover Switzerland much. The procedure : http://www.irs.gov/uac/Instructions-...r-US-Taxpayers but have found little info about this preocedure on this site.
Shouldn't my bank accept that I go the streamlined way ?
The other "option" they give me is to enter an "OVDP"
But I read thats for tax cheats. I am just your procrastinator (and most certainly not very wealthy, on a disability pension).
I have come across something called streamlined procedure thru another expat site which does not cover Switzerland much. The procedure : http://www.irs.gov/uac/Instructions-...r-US-Taxpayers but have found little info about this preocedure on this site.
Shouldn't my bank accept that I go the streamlined way ?