Foreign bank accounts and the IRS

[Guthrie]

[ QUOTE ]
" ......don't worry that you have to report your foreign accounts as well. "

This is 100% wrong advice. The reporting of foreign bank accounts is a separate requirement and duty from paying taxes on your income.

It is a crime not to report foreign bank accounts as required.

[/ QUOTE ]
I think he's saying "report the accounts, and don't worry about it," not "don't report the accounts."