Question 15 ?of 100.Manuel owns a savings account in Spain in which he maintains a...
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Question ?of Manuel owns a savings account in Spain in which he maintains a balance of $ ?to pay for gifts for his mother, who lives in Madrid. On an extended vacation in ?he earned $ ?for showing tourists around Madrid. Manuel has tax obligations to do all of the following EXCEPIFile FinCEN Form ?Report of Foreign Bank and Financial Accounts FBAR ?electronically with FinCEN.Report his tour guide income on his US ?tax return.Report the Spanish savings account on Schedule B ?Part III, Foreign Accounts and Trusts.Report the amount he spent on his mother's apartment as a gift.
Question ?of
Manuel owns a savings account in Spain in which he maintains a balance of $ ?to pay for gifts for his mother, who lives in Madrid. On an extended vacation in ?he earned $ ?for showing tourists around Madrid. Manuel has tax obligations to do all of the following EXCEPI
File FinCEN Form ?Report of Foreign Bank and Financial Accounts FBAR ?electronically with FinCEN.
Report his tour guide income on his US ?tax return.
Report the Spanish savings account on Schedule B ?Part III, Foreign Accounts and Trusts.
Report the amount he spent on his mother's apartment as a gift.

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