Everyone, thank you for your comments. Great to know that others have experienced the same thing without any issues.
I also spoke with the bank and they said it is shognai and there are no other ways to do this (ex: transfer smaller amounts multiple times, pay partially in cash, etc.).
Search found 2 matches
- Mon Nov 08, 2021 9:29 am
- Forum: General
- Topic: (US citizens) FBAR and loans
- Replies: 6
- Views: 1851
- Wed Nov 03, 2021 12:54 pm
- Forum: General
- Topic: (US citizens) FBAR and loans
- Replies: 6
- Views: 1851
Re: (US citizens) FBAR and loans
(US citizen, regularly file US/Japan taxes, FBAR, etc. Fully compliant as far as I know.) In a similar situation except the loan is for purchasing a property. As my account will briefly have a ~900k USD balance I am bit worried this might raise some eyebrows at the IRS, especially since I normally ...