FBAR

discussion
WH
By WH on Wed, Apr 3, 2013 - 9:04pm

FBAR and taxes

I'm looking for what other PM holders are doing regarding FBAR reporting and legally hiding potential capital gains taxes on their metals. I have a goldmoney account. My CPA told me that I need to fill out an FBAR (Report of Foreign Bank and Financial Accounts) this year. I don't owe taxes because I haven't sold anything. The US government just wants to know I have an account now that it's reached a certain size. Does anyone in this group have experiences with this? Also does anyone use an IRA to avoid captial gains taxes on their PM?