Posts Tagged ‘foreign bank account’

Are foreign bank accounts illegal for American citizens?

  • October 8th, 2020
  • David Greene
  • Comments Off on Are foreign bank accounts illegal for American citizens?

It’s amazing the rumors that abound about the IRS.  You will not get in trouble for merely having a foreign bank account, so long as you report it properly on your tax return.  Many people and businesses have such accounts…

Are offshore bank accounts illegal?

  • September 24th, 2020
  • David Greene
  • Comments Off on Are offshore bank accounts illegal?

As I have mentioned previously in this column, the IRS has launched an aggressive offensive campaign against people who have offshore bank accounts.  It is certainly not illegal to have an offshore account or credit card and there are many…

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