The $10,000 Trap: FBAR vs. FATCA for Expats & Seniors скачать в хорошем качестве

The $10,000 Trap: FBAR vs. FATCA for Expats & Seniors

If you have over $10,000 in foreign accounts—even for a single day—you are in the crosshairs of FinCEN. But while the government ramps up surveillance, a new law offers a $6,000 tax break for seniors. Are you prepared to claim the benefit while dodging the penalties? As The Finance Observer, I’ve performed a forensic review of the Bank Secrecy Act and the new tax code. In this video, we dissect the critical differences between FBAR (FinCEN Form 114) and FATCA (Form 8938), revealing the "Aggregate Trap" that catches thousands of seniors every year. We also cover the new OBBBA Senior Deduction and how to protect it from being wiped out by penalties. 🔴 SUBSCRIBE FOR WEEKLY FINANCIAL DEFENSE: Protect your global legacy from corporate erosion and cross-border tax traps.    / @the-finance-observer   FORENSIC BREAKDOWN: 0:00 The Split Reality: New Tax Breaks vs. High Surveillance 1:12 The $6,000 OBBBA Deduction: A win for seniors 1:39 FBAR Audit: The $10,000 "Aggregate Trap" Explained 3:11 FATCA Explained: The IRS's heavy artillery (Form 8938) 4:31 Senior Asset Traps: Foreign Pensions & Life Insurance 5:21 The Inheritance Trap: Forms 3520 & 8938 5:54 The Penalty Risk: $10,000 to $100,000+ fines 7:03 The 2026 Filing Checklist: 4 Steps to Compliance DISCLAIMER: This content is for educational purposes only. International tax law is complex; always consult a qualified CPA or tax attorney.