I have foreign accounts with total values less then $10K in
year 2005. One bank provided me with 1099INT and I do not
have 1099INT from second bank.
My questions are:
1. I need to claim that I have foreign account and total
value is less then 10K. In 1040, how do I calculate interest
on second bank and do I add this value along with other
INT1099 information after converting to US$ or need to put
this value some where else? I am confused where to report in
2. Do I need to send form to Dept. of Treasury even if the
total value of foreign banks is less then 10K?
Any suggestion/help is appreciated.