Foreign Banking

Category: Foreign Banking
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You may not realize it, but in some way or another, you’re almost always interacting with the IRS. Obviously, it’s not always direct contact, but it’s contact nonetheless: your employer’s withholding from your paychecks, quarterly tax payment...

It seems like the headlines are everywhere: “Amazon will pay $0 dollars for the second year in a row.” – The Week “Apple Successfully Avoids $50 Billion in American Taxes.” – Gizmodo The question you may be wonderi...

We’re tennis fans around here. We watch matches, have favorite players (Call us, Federer!), and heck—we even sponsor tournaments. The game of tennis is thrilling. However, as tax aficionados, there’s one thing about tennis we just find fascinat...

Your Chance to Report Offshore Foreign Accounts Ends in September

The IRS has made clear reporting offshore accounts is of utmost importance for taxpayers since 2009, with the release of the Offshore Voluntary Disclosure Program. It’s reached the point where the IRS has decided to close the program on September 2...

2018 Tax Tips for Expats

There are about 6 million Americans living abroad, and growing every year due to increasing economic flexibility and globalization. Although Americans may live elsewhere, they still have to file as citizens of the country. This come with an added sen...

Why Taxpayers Need to Disclose Foreign Assets

Keeping current on your taxes is important for avoiding headaches during tax season, and foreign asset reporting can be one of them. If your business owns assets abroad and you’re not reporting them, then you could be doing yourself a disservic...

Hiding Money Overseas? Why You Should Come Clean - Edge Financial

So, you’ve got a Swiss bank account, or recently closed one, and may be wondering if you should report your money to the IRS. Unfortunately, and as you may know, Switzerland is generally closed off for stashing cash, and the IRS has teamed with the...

Tax havens like Switzerland and Andorra are no secret to the IRS – if you’re trying to commit tax evasion, the consequences could be staggering. You might have an offshore account to make business easier abroad, qualify as an expatriate, or p...

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