...not sure if anyone knows the answer to this, but i thought i could ask.
This is the first time I'm doing taxes in the US (since it's the first year I worked in the US). I'm from Belgium, and I've got some money in a savings account there.
Do I have to claim this to the IRS for taxes? Must I pay taxes on money that a) I recieved in Belgium and b) is stored in a bank there? (I'm actually a dual citizen of the US and Belgium, if that makes a difference.)
Also, what if I transfer some of this money to a US bank? I am to use some of it to pay for school here...but would I get in trouble with the IRS for depositing what seems to be an un-explained sudden amount of money? I know I am honest, but how can I prove this and protect myself from any trouble?
This frustrates me because I'm afraid that no matter what I do, something bad will happen. Because I hear of all the stories about the IRS looking at people with foreign bank accounts with mistrust, as if they simply must be scam artists or terrorists.![]()
I know you will probably say "hire a professional to answer you!"and I will next year...but with irony, I have NO money right now. This year was much more difficult money-wise than I had any idea.
If anyone can give me any helpful links or information at all, I will love you forever.![]()


and I will next year...but with irony, I have NO money right now. This year was much more difficult money-wise than I had any idea. 
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