Thank you for this video! You made everything easy to understand and whole process of filing less daunting. Save me a bunch from hiring another person to do this so much thanks!!
Fantastic video 👏🏻👏🏻👏🏻 very straight to the point and well explained into details, you helped me a lot because I was totally lost but after watching this I’m super confident 💪
@@FinanciallyAware one thing (I think you mentioned) was not including UK Company and Personal Pensions - everywhere else I've read, they should be included before and after it kicks in
@@FinanciallyAware submitted! I'm happy and it almost seemed too easy. I should have been doing this myself for the last 10 years. I know next year will be even faster.
Thanks for the Video Nick, very easy and simple to follow steps. Could you elaborate something on Part 1 Filer Information *2 If you have an LLC (single owned and managed) that operates a business account outside the US. Is that considered Individual or Corporation?
Thank you so much for this video. Subscribed! Super helpful and it is people like you who genuinely help who make RUclips and the world a better place. I'm doing this late I think but still better than never (under streamlined process though). Was wondering if you have a video on just doing the US taxes form 1040 (also Forms 3520, 5471) too or better yet streamline process? Also, If it's a joint bank account with spouse who isn't American, do we add up the totals of both accounts and put the number there once or do we add up each account (say my wife has a joint account with me and I have a joint account with her but only one of us is American) so it's done twice or just once totaling both accounts at 18:18?
Great video! Just started trading cryptocurrency and was considering using a foreign exchange so I'm glad that I checked this out before I invested any money!
First, I appreciate your providing this video. Much useful! Second, how does one find an accountant who knows about FBAR and how to keep a foreign account for use by a normal person staying for a while such as going to Ontario for a Summer as a senior citizen who wants to avoid the summer heat such as in Texas?
I can't help with finding an accountant. You can open a foreign account in Canada without needing to file FBAR as long as your accounts are under $10,000 in total.
7:45 does not make sense at all. Because, all these accounts total did not exceed $10,000 any day in the calendar year. Is there a reference to prove this scenario?
Hi Nick, thanks for this fantastic explanation. I'm off to try to make the April 15 "deadline." I do have two questions to run by you for your input (ps. I know you're not a CPA or tax attorney, I'm just curious for your opinion.) 1. In what case would you choose "other" for account type? 2. What if I really can't figure out what the high water mark was in an account? I know it must have been around December, but I didn't keep a record of daily values. Thanks!
I don't know about the "other" account. If you don't know the high water mark then estimate it on the high side. If you had $20,000 at the beginning of 2020 and at the end of 2020 you had $22,000, then use the $22,000 unless you know that the high water mark was much higher sometime during the year like $25,000 or something. Just look at the monthly statements and apply the yearly exchange to the highest amount on any of your statements.
I have a question. I have a checking (principal account) and two savings accounts within the same bank. Do I have to consider these three separately? Meaning do I have to declare three different accounts in Part II? Thanks you for your help!
I want to say thank you for the video. As a first time filer it makes me less nervous about the whole thing. I do have a couple of questions if you could help me out. 1) I noticed that there is a box for maximum value unknown. Is this for if we do not know what the value of the account was at when it went over the high water mark, but we know that it went over? 2) How does a line of credit fit into (or not) an FBAR? If I owe money on the line of credit would it "lower" the value of my accounts? (Example, I owe $10000 on the line of credit, but have a savings account with $15000, does that mean my total value is only $5000?)
I'm glad you found it helpful. I don't know when you would use max value unknown. If you have a checking account at a bank, but also have a line of credit that you used $10,000 on, you still are required to report. It is the value in the account, not the net value including a credit line.
Love the video :) You mentioned that according to FinCEN Notice 2020-2, cryptos on foreign exchanges are not reportable but may be in the future. Now that a year has passed, has anything changed? I help crypto on a foreign exchange in 2021 and need to know if an FBAR is required :/. Thank you thank you!
Thanks a lot for putting up this video. Have a quick question. How do I file FBAR for year 2019? Do I need to select "Amended" checkbox if I am filing for previous years?
Hey nick, this video was really helpful. Thank you. Would you mind helping me one thing. Are we required to still report the foreign balances below $ 10k in the US return without filing form 114 ? I would really appreciate some help!!
Thank you for the video. Can you please help me with one question. I am USA citizen, and I let my government pension (AFP), from my original country, in Central America. This year 2021 they open a new law, that the people who we are resident or citizens in other country, we can get the lump sum of our pension. So this is my question: If my lump sum pension was over $10k and where transfer to a USA Bank, do I have to report this foreign lump sump pension?
Good question. I am not an expert, but the way I understand it is that while the pension is in control of your government, you do not have to report FBAR. If the government now gives you a lump sum, you do not have to report unless they give it to you in a bank account outside the US. If they transfer it directly from them to you in your US bank account, you do not have to file FBAR. It doesn't hurt to email FinCEN to ask them anyway.
Hi Nick, that was so informative, thank you for this video. However I have a single question, what is gonna happen after I file? Will I be charged/ taxed for my assets overseas?
Thank you. I did an updated video for 2022: ruclips.net/video/0CRlqi3Uv9c/видео.html FBAR has nothing to do with taxes. Only the IRS is concerned with taxes. There are no taxes on assets, only on actual gains, interest, and dividends received during the year.
Hi Nick, thank you for this video, I do have one question though. I live in Italy and I'm filing Part IV of the form, since me wife gave me power of attorney over her account (I'm not the owner of the account) and she is not a US citizen or a green card holder. MY QUESTION IS... is an obligation to write the "maximum account value" on the account or can I just click on "unknown value" box and it will be OK as long as i declare the account and not the amount
Unless it is a joint account with you, your wife is not required to file FBAR. I don't think you can just leave "unknown value" unless you really have no way of knowing the maximum value. It will probably raise more questions.
Yes, it is confusing. I think if you are only an advisor and have no financial interest in the funds, then you are not required to file. Otherwise every foreign bank and brokerage with US citizen money would have to file FBAR for each client.
Hi I have a foreign bank savings account that I opened in 2016 and the money that I have in that account is money I send from the United States since some of the money is refund from the IRS and some money that I have worked in the U.S should I report it to the IRS and fill out the FBAR? Also is the FBAR a separate documentation from the IRS?
FBAR and IRS are completely different. It does not matter where you earned the money, if you have more than $10,000 in your foreign accounts combined, you need to fill out FBAR.
@@FinanciallyAware Thank you for your response. One question so if for 3:years I had it under 10,000 than I don't have to report to FBAR? Have a blessed day!
This is my first year having to file for something like this and this video makes it look a little less daunting. I was wondering if my wife has a savings account that I don't have access to (I trust her lol) if that counts towards our otherwise joint Canadian bank account?
Thanks for the detailed info. Below are my question. I am working in the US, but my wife is a student here. Both of us hold individual bank accounts back in India. I know I have to file FBAR , but does that same applies to my wife as well? Her cumulative value of stocks in IND is more than 10000 USD ? Since I do not have legal authority over her accounts, does she need to file a separate fbar ? We have filed 2020 AY Tax return as married filing jointly. Please advice.
Thank you Nick, this was very informative and easy to follow. I just wanted to clarify one thing: So let's say a British expat living in the US has an employer pension from the past which the person has no control over and has not deposited any money into. They only receive an annual statement showing the pension value. Even if that value goes above $10k, the person isn't required to file the FBAR, is this correct?
I don't understand why you would get a pension value statement. In the US, a pension is a set amount paid to you every month. There is no value that you can direct into other investments or leave in your will like an IRA or 401K. If you can not take out this "pension value" and redirect it by you into other investments, then it sounds like it is not reportable. I am not a CPA or tax lawyer, so you might want to consult them to make sure because the penalties for not filing can be severe.
Video was very informative. Let’s say I have a rental property in Singapore and my monthly profit is $2k USD ($5k revenue - $3k expenses). Can I transfer the $2k profit to my US personal account every month to stay under the $10k watermark? I know I’d get taxed on the additional personal income but do I need to file the FBAR?
That sounds like it will work. Just make sure you don't go over the $10,000 while you are waiting to payout the expenses. The additional income is taxable already. It is just a matter if you were reporting it or not.
Thank you for the video. I am a dual U.S citizen but I have never lived or worked in the U.S. I only have one bank account overseas (France) where I have all my savings from my wage. The value goes above $10k but I was wondering, should I still have to file Fbars even if its a bank account with only savings from my salary? Thank you for your help!
This amount $10,000 seems ridiculously low. Does anyone know what the reason for this might be? Are they seriously investigating a "financial crime" where the value is that low? If someone was a scammer and was working on financial crime why would they risk the consequences for some tiny amount. Kind of seems like people are getting paid to waste time.
It is very low. It is done so basically they can spy on everyone's accounts, and make it a hassle for people to have foreign accounts so that they keep their money in the US.
Very enlightening,thank you. Just one question..If I moved money to other country on January 2021,do I have to report it in the same year 2021 or before April 15,2022?
It is just a button to click on that says "sign form". Once you do that it gives you the option to save a copy as a pdf file. Open the pdf file and save it to your computer. I hope this helps.
Thank you Nick for your useful and simple video.... QUESTION: I’m a Canadian Citizen and have been continuously legally living and working in US since 2017. I have filled my taxes in US but did not file FBAR the last 3 years since I didn’t know I have to report my RRSP & TFSA which both are above $10k and no contribution was made the last 5 years. Based on your video I will file FBAR this year (2020) but do I need to do anything extra beside that? Thank you Nick
Hello Nick! I have a question about one life Insurance policy that I have with ICICI Bank in India. It worth's about $9680.95 at the end of policy when it matures after 10 years. Should I declare it on fbar or form 8938? appreciate your help! Thanks
Hi i am a us citizen and came to uk in july 2019 and by the end of that year i had more than 10000 us dollar in my account, but i didnt know i had to report my foreign account, but did file my tax from usa for that year, if I report it now will they penalize me?
I don't know what the "average exchange rate" is. Where did you get this? Is it significantly different from the treasury rate? If it isn't, I think you can use it as long as you put on the Form 8938 where you got your exchange rates from.
@@FinanciallyAware it is yearly average exchange rate from IRS and the difference between tresury rate and this rate is of $1. I forgot to mention the source. Will this create any problem?
A $1 difference in the posted exchange rates or a $1 difference in your bank balance using this different exchange? If it is a $1 difference in what your bank balance is, then don't worry about it. I usually just round up to the higher dollar anyway. So if it is like $10,300 or $10,301 with a different exchange rate, just use $10,301. They are not worried about stuff like this.
Thank you for this video! You made everything easy to understand and whole process of filing less daunting. Save me a bunch from hiring another person to do this so much thanks!!
I'm glad it helped you file it on your own.
Fantastic video 👏🏻👏🏻👏🏻 very straight to the point and well explained into details, you helped me a lot because I was totally lost but after watching this I’m super confident 💪
That's great to hear that you are confident enough to do it yourself and save the money you would pay an accountant.
Thanks a lot Nick. This is great information.
Thank you. I did an updated video for 2022 also. ruclips.net/video/0CRlqi3Uv9c/видео.html
Thank you so much for this amazing easy explanation, I submit this form easily with your video!
I'm glad it was helpful.
Great Video! thank you very much. It helped me a lot to file FbAR for the first time
Glad it helped!
excellently explained!
Thank you. I'm glad you liked it.
@@FinanciallyAware one thing (I think you mentioned) was not including UK Company and Personal Pensions - everywhere else I've read, they should be included before and after it kicks in
Thank you soooooo much for putting this together. This was so easy to follow.
Glad it was helpful!
This is great because my CPA wants to charge me $100. I think I will do this myself going forward!
$100 more in your pocket!
@@FinanciallyAware submitted! I'm happy and it almost seemed too easy. I should have been doing this myself for the last 10 years. I know next year will be even faster.
This is really awesome! Thank you very much!
I'm glad you found it helpful.
Thanks man! you really helped me out here
I'm glad it was useful. I did an updated video for 2022 also.
ruclips.net/video/0CRlqi3Uv9c/видео.html
Thank you for this video! Very helpful step by step
Glad it was helpful!
Thank you very much. Simple, clear and very useful.
Thank you. I'm glad you found it useful.
this video is so helpful! thank you so much!
Thank you. I'm glad you found it helpful.
Thank you very much for the informative video. Your video does explain everything about Fbar.👍
Glad it was helpful!
Thank you. You are a good man.
Thank you. I'm glad it was helpful.
Thank you very much Nick. 👍😃
You're welcome. I hope you found the info useful.
Excellent
Thank you.
Thanks for the Video Nick, very easy and simple to follow steps.
Could you elaborate something on Part 1 Filer Information *2
If you have an LLC (single owned and managed) that operates a business account outside the US.
Is that considered Individual or Corporation?
It sounds like individual if it is your LLC. Don't quote me on that. I am not sure about that case.
Thank you so much for this video. Subscribed! Super helpful and it is people like you who genuinely help who make RUclips and the world a better place.
I'm doing this late I think but still better than never (under streamlined process though). Was wondering if you have a video on just doing the US taxes form 1040 (also Forms 3520, 5471) too or better yet streamline process?
Also, If it's a joint bank account with spouse who isn't American, do we add up the totals of both accounts and put the number there once or do we add up each account (say my wife has a joint account with me and I have a joint account with her but only one of us is American) so it's done twice or just once totaling both accounts at 18:18?
Great video! Just started trading cryptocurrency and was considering using a foreign exchange so I'm glad that I checked this out before I invested any money!
I should do a video on crypto reporting requirements.
Thank You Nick. It was super helpful :)
Glad it was helpful!
First, I appreciate your providing this video. Much useful! Second, how does one find an accountant who knows about FBAR and how to keep a foreign account for use by a normal person staying for a while such as going to Ontario for a Summer as a senior citizen who wants to avoid the summer heat such as in Texas?
I can't help with finding an accountant. You can open a foreign account in Canada without needing to file FBAR as long as your accounts are under $10,000 in total.
So helpful thank you!!
Glad it was helpful!
7:45 does not make sense at all. Because, all these accounts total did not exceed $10,000 any day in the calendar year. Is there a reference to prove this scenario?
That is how it is calculated. I did another video explaining it.
ruclips.net/video/0CRlqi3Uv9c/видео.html
Hi Nick, thanks for this fantastic explanation. I'm off to try to make the April 15 "deadline." I do have two questions to run by you for your input (ps. I know you're not a CPA or tax attorney, I'm just curious for your opinion.) 1. In what case would you choose "other" for account type? 2. What if I really can't figure out what the high water mark was in an account? I know it must have been around December, but I didn't keep a record of daily values. Thanks!
I don't know about the "other" account. If you don't know the high water mark then estimate it on the high side. If you had $20,000 at the beginning of 2020 and at the end of 2020 you had $22,000, then use the $22,000 unless you know that the high water mark was much higher sometime during the year like $25,000 or something. Just look at the monthly statements and apply the yearly exchange to the highest amount on any of your statements.
Super! Good job
Thank you Manny.
I have a question. I have a checking (principal account) and two savings accounts within the same bank. Do I have to consider these three separately? Meaning do I have to declare three different accounts in Part II? Thanks you for your help!
Yes, if they have seperate account numbers.
@@FinanciallyAware Wow that was incredibly fast! Thank you for your reactivity.
I want to say thank you for the video. As a first time filer it makes me less nervous about the whole thing. I do have a couple of questions if you could help me out.
1) I noticed that there is a box for maximum value unknown. Is this for if we do not know what the value of the account was at when it went over the high water mark, but we know that it went over?
2) How does a line of credit fit into (or not) an FBAR? If I owe money on the line of credit would it "lower" the value of my accounts? (Example, I owe $10000 on the line of credit, but have a savings account with $15000, does that mean my total value is only $5000?)
I'm glad you found it helpful. I don't know when you would use max value unknown. If you have a checking account at a bank, but also have a line of credit that you used $10,000 on, you still are required to report. It is the value in the account, not the net value including a credit line.
Love the video :) You mentioned that according to FinCEN Notice 2020-2, cryptos on foreign exchanges are not reportable but may be in the future. Now that a year has passed, has anything changed? I help crypto on a foreign exchange in 2021 and need to know if an FBAR is required :/. Thank you thank you!
Thanks a lot for putting up this video. Have a quick question. How do I file FBAR for year 2019? Do I need to select "Amended" checkbox if I am filing for previous years?
I can't say because I have never done it. I would email them and tell them your situation and see what they tell you. Good luck.
Hey nick, this video was really helpful. Thank you.
Would you mind helping me one thing. Are we required to still report the foreign balances below $ 10k in the US return without filing form 114 ?
I would really appreciate some help!!
If you have less than $10K in foreign accounts you don't have to file FBAR (114) or IRS Form 8938. I did a video on IRS form 8938 also.
Thank you Nick.
Thanks for watching. I hope it helped you.
Thank you for the video. Can you please help me with one question. I am USA citizen, and I let my government pension (AFP), from my original country, in Central America. This year 2021 they open a new law, that the people who we are resident or citizens in other country, we can get the lump sum of our pension. So this is my question: If my lump sum pension was over $10k and where transfer to a USA Bank, do I have to report this foreign lump sump pension?
Good question. I am not an expert, but the way I understand it is that while the pension is in control of your government, you do not have to report FBAR. If the government now gives you a lump sum, you do not have to report unless they give it to you in a bank account outside the US. If they transfer it directly from them to you in your US bank account, you do not have to file FBAR.
It doesn't hurt to email FinCEN to ask them anyway.
Very helpful 👍
Thank you. I'm glad it was useful to you.
Hi Nick, that was so informative, thank you for this video.
However I have a single question, what is gonna happen after I file? Will I be charged/ taxed for my assets overseas?
Thank you. I did an updated video for 2022: ruclips.net/video/0CRlqi3Uv9c/видео.html
FBAR has nothing to do with taxes. Only the IRS is concerned with taxes. There are no taxes on assets, only on actual gains, interest, and dividends received during the year.
@@FinanciallyAware thank you again God bless your efforts sir
Have you ever declared taxes filling out the Form 8938 ? Thank you for your explanation.
Yes, I did a video on it.
Hi Nick, thank you for this video, I do have one question though.
I live in Italy and I'm filing Part IV of the form, since me wife gave me power of attorney over her account (I'm not the owner of the account) and she is not a US citizen or a green card holder. MY QUESTION IS... is an obligation to write the "maximum account value" on the account or can I just click on "unknown value" box and it will be OK as long as i declare the account and not the amount
Unless it is a joint account with you, your wife is not required to file FBAR. I don't think you can just leave "unknown value" unless you really have no way of knowing the maximum value. It will probably raise more questions.
FBAR is very unclear if as an I.A. to private funds, who ( at the I.A. level or at the fund level) is required a FBAR.
Yes, it is confusing. I think if you are only an advisor and have no financial interest in the funds, then you are not required to file. Otherwise every foreign bank and brokerage with US citizen money would have to file FBAR for each client.
Hi I have a foreign bank savings account that I opened in 2016 and the money that I have in that account is money I send from the United States since some of the money is refund from the IRS and some money that I have worked in the U.S should I report it to the IRS and fill out the FBAR? Also is the FBAR a separate documentation from the IRS?
FBAR and IRS are completely different. It does not matter where you earned the money, if you have more than $10,000 in your foreign accounts combined, you need to fill out FBAR.
@@FinanciallyAware Thank you for your response. One question so if for 3:years I had it under 10,000 than I don't have to report to FBAR? Have a blessed day!
This is my first year having to file for something like this and this video makes it look a little less daunting. I was wondering if my wife has a savings account that I don't have access to (I trust her lol) if that counts towards our otherwise joint Canadian bank account?
Yes, it counts. Either she can file a separate FBAR or she can sign the form to allow you to file for both of you.
what happens if i became a green card holder in mid december - i fill in the highest value withinthe 15 days
That is a good question. You need to email FinCEN about that.
Hi Nick, thanks for the great video! I was wondering if my balance was less than $10,000 would I still have to file Fbars?
As long as sum of the high water marks for all accounts during the year are less than $10,000 then you do not have to file.
Thanks for the detailed info. Below are my question.
I am working in the US, but my wife is a student here. Both of us hold individual bank accounts back in India. I know I have to file FBAR , but does that same applies to my wife as well? Her cumulative value of stocks in IND is more than 10000 USD ? Since I do not have legal authority over her accounts, does she need to file a separate fbar ? We have filed 2020 AY Tax return as married filing jointly. Please advice.
I believe you can file the FBAR for both of you if she signs a consent form to have you do it for her. I mention this in the video I believe.
Thank you Nick, this was very informative and easy to follow. I just wanted to clarify one thing:
So let's say a British expat living in the US has an employer pension from the past which the person has no control over and has not deposited any money into. They only receive an annual statement showing the pension value. Even if that value goes above $10k, the person isn't required to file the FBAR, is this correct?
I don't understand why you would get a pension value statement. In the US, a pension is a set amount paid to you every month. There is no value that you can direct into other investments or leave in your will like an IRA or 401K. If you can not take out this "pension value" and redirect it by you into other investments, then it sounds like it is not reportable. I am not a CPA or tax lawyer, so you might want to consult them to make sure because the penalties for not filing can be severe.
Thank you very much, Nick. I really appreciate the info!
I didn’t know if I need to submit FBAR. What are my options now for submitting this for previous years. If I do now, how many years back I need to go.
You should contact them about the years you didn't file.
Video was very informative. Let’s say I have a rental property in Singapore and my monthly profit is $2k USD ($5k revenue - $3k expenses). Can I transfer the $2k profit to my US personal account every month to stay under the $10k watermark? I know I’d get taxed on the additional personal income but do I need to file the FBAR?
That sounds like it will work. Just make sure you don't go over the $10,000 while you are waiting to payout the expenses. The additional income is taxable already. It is just a matter if you were reporting it or not.
Thank you for the video. I am a dual U.S citizen but I have never lived or worked in the U.S. I only have one bank account overseas (France) where I have all my savings from my wage. The value goes above $10k but I was wondering, should I still have to file Fbars even if its a bank account with only savings from my salary? Thank you for your help!
Yes, in this case you are still required to file.
@@FinanciallyAware ok thank you so much for your help! ☺️
Good luck. Make sure you file because the penalties they have are ridiculous.
This amount $10,000 seems ridiculously low. Does anyone know what the reason for this might be? Are they seriously investigating a "financial crime" where the value is that low? If someone was a scammer and was working on financial crime why would they risk the consequences for some tiny amount. Kind of seems like people are getting paid to waste time.
It is very low. It is done so basically they can spy on everyone's accounts, and make it a hassle for people to have foreign accounts so that they keep their money in the US.
Very enlightening,thank you.
Just one question..If I moved money to other country on January 2021,do I have to report it in the same year 2021 or before April 15,2022?
If 2021 is the first year you have more than $10,000 in accounts outside the Us, then you would report in 2022, before April 15th.
Please explain to me like I'm 5 years old how I could sign and download the form and then save. Sorry.
It is just a button to click on that says "sign form". Once you do that it gives you the option to save a copy as a pdf file. Open the pdf file and save it to your computer. I hope this helps.
What happens if I hit $11K once? Would that likely be remain fall below the amount where some action is taken?
If the totals in your accounts hit $11K even for a day, you have to file FBAR.
Thank you Nick for your useful and simple video....
QUESTION:
I’m a Canadian Citizen and have been continuously legally living and working in US since 2017. I have filled my taxes in US but did not file FBAR the last 3 years since I didn’t know I have to report my RRSP & TFSA which both are above $10k and no contribution was made the last 5 years.
Based on your video I will file FBAR this year (2020) but do I need to do anything extra beside that?
Thank you Nick
I don't know. You may want to contact FinCEN and ask what to do about the previous years.
Hello Nick! I have a question about one life Insurance policy that I have with ICICI Bank in India. It worth's about $9680.95 at the end of policy when it matures after 10 years. Should I declare it on fbar or form 8938? appreciate your help! Thanks
I don't think that counts because you don't control it and it is not even over $10,000. I'm not sure about these insurance accounts though.
If I didn't file fbar for 2019 and 2020, should I file the fbar twice so it's one for each year?
You better contact Fincen and see what they tell you. Don't wait any longer.
Hi i am a us citizen and came to uk in july 2019 and by the end of that year i had more than 10000 us dollar in my account, but i didnt know i had to report my foreign account, but did file my tax from usa for that year, if I report it now will they penalize me?
The probably won't since you just moved there and it wasn't willful. The sooner you contact them and tell them your situation, the better.
By mistake, if yearly average Exchange rate is used instead of treasury rate without mentioning the source on form 8938. Is this acceptable?
I don't know what the "average exchange rate" is. Where did you get this? Is it significantly different from the treasury rate? If it isn't, I think you can use it as long as you put on the Form 8938 where you got your exchange rates from.
@@FinanciallyAware it is yearly average exchange rate from IRS and the difference between tresury rate and this rate is of $1. I forgot to mention the source. Will this create any problem?
A $1 difference in the posted exchange rates or a $1 difference in your bank balance using this different exchange? If it is a $1 difference in what your bank balance is, then don't worry about it. I usually just round up to the higher dollar anyway. So if it is like $10,300 or $10,301 with a different exchange rate, just use $10,301. They are not worried about stuff like this.
So silly how meticulous the US is about our small accounts, but when it comes to Washington and weird lobbying or gifts... that we don't dig into...
Lobbying is another word for bribe. Just like paying a former president $500,000 for a one hour speech. That is plain and simple a bribe.
Where do I find the fucking 2021 conversion rates! Post the goddam link!
Thank you. This was very useful !!
Glad it was helpful!
Thanks Nick!
Thanks for watching.