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A retired expat couple is facing $3.6 MILLION in FBAR penalties for simply not reporting their foreign bank accounts. This isn't tax evasion; it's a paperwork failure that could wipe out their retirement savings. If you're a U.S. citizen living abroad with more than $10,000 in foreign accounts (even for a single day), you MUST file FBAR—or face devastating penalties. ✈️ Learn more about our service and use promo code YOUTUBE for a special discount: https://savvynomad.io/ 📬 Join our Americans Abroad newsletter and get our free 2026 expat tax guide. https://americansabroad.beehiiv.com/ Instagram / savvynomadio TikTok / savvynomadio File Your FBAR Here: https://bsaefiling.fincen.treas.gov ***This video is for general educational purposes only. SavvyNomad is not a law firm, tax advisor, or financial advisor, and nothing here is legal, tax, or investment advice. Your situation may be different from the examples described; talk with a qualified professional about your specific facts before making decisions. #expat #expatliving #digitalnomad