While owning a foreign bank account is not illegal, failing to declare its existence is against the law. With bank secrecy laws crumbling around the world and the IRS pursuing tax evaders aggressively, the odds are far greater that you will be caught sooner rather than later.
How To Declare Foreign Bank Accounts To The IRS
Posted by steeldawn under FinanceFrom http://www.openforum.com 4747 days ago
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