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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (23911)	6/19/2011 3:04:54 PM
From: Proud Deplorable	1 Recommendation Read Replies (1) \| Respond to of 50713

You don't need to disclose it to the IRS unless you have a gains tax to pay. It has nothing to do with them really....this is a DHS requirement and is part of their takeover and the New World Order. If you have gold or silver and you haven't traded it then the IRS doesn't care. Again, its a Homeland Security Dept of the Treasury form but on your 1040 there is a place to put a check mark if you have a foreign account but that's the extent of it as long as you are paying income tax on it if it pays something yearly. I don't mind doing this but I do mind the intrusion. I'm pretty convinced that unless they think you are a money launderer that they don't even read these things. Incidentally the whole thing is stupid beyond belief because criminals don't file these forms anyway so what is the real agenda here? Another huge waste of paperwork that serves to harass the people Here is a scene that is bound to happen soon in the US because of the constant harassment of the people and the removal of their rights............ youtube.com bbc.co.uk Barcelona: Angry crowd pursues Catalan MPs bbc.co.uk On the lighter side: New promotional travel video just released by Tourism Vancouver….MUST SEE and spread all over the world. youtube.com Come to Vancouver, you’ll have a riot of a time !

To: pogohere who wrote (23911)	6/19/2011 3:12:51 PM
From: pogohere	Respond to of 50713

DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 1010 RIN 1506–AB08 Amendment to the Bank Secrecy Act Regulations—Reports of Foreign Financial Accounts AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Final rule. SUMMARY: FinCEN is issuing this final rule to amend the Bank Secrecy Act (BSA) regulations regarding reports of foreign financial accounts. The rule addresses the scope of the persons that are required to file reports of foreign financial accounts. The rule further specifies the types of accounts that are reportable, and provides filing relief in the form of exemptions for certain persons with signature or other authority over foreign financial accounts. Finally, the rule adopts provisions intended to prevent persons subject to the rule from avoiding their reporting requirement. DATES: Effective Date: This rule is effective March 28, 2011. Applicability Date: This rule applies to reports required to be filed by June 30, 2011 with respect to foreign financial accounts maintained in calendar year 2010 and for reports required to be filed with respect to all subsequent calendar years. . . . Under 31 U.S.C. 5314 the Secretary ‘‘shall require a resident or citizen of the United States or a person in, and doing business in, the United States, to * * * keep records and file reports, when the resident, citizen, or person makes a transaction or maintains a relation for any person with a foreign financial agency.’’ For this purpose, foreign financial agency means ‘‘a person acting for a person as a financial institution, bailee, depository trustee, or agent, or acting in a similar way related to money, credit, securities, gold, or a transaction in money, credit, securities, or gold.’’ The Secretary is authorized to prescribe exemptions to the reporting requirement and to prescribe other matters the Secretary considers necessary to carry out section 5314. edocket.access.gpo.gov