I lived and worked in London (even though I'm an American) for the last 5 years, and now I'll be heading back to the states.
My children are about to start college and I have money saved in an English bank account. They heard that the FAFSA asks a question about how much money you have stored in your checking/savings accounts. So do I need to report the amount stored in a foreign account too?
I filed all my tax returns when I was abroad so they know how much I made (just not how much I saved). Do I still need to declare it, even though I might not intend to use this money to help my kids through college?
My kids are American and will be going to school in the USA.