Putting money in offshore bank accounts alone is not illegal. Failing to make the necessary disclosures to the IRS and include any interest earned on the accounts on income tax returns, however, is.
IRS Amnesty Program for Unreported Offshore Bank AccountsCourtesy Small Business News From 24-7 Press Release Tue, 08/04/2009 - 01:50
Putting money in offshore bank accounts alone is not illegal. Failing to make the necessary disclosures to the IRS and include any interest earned on the accounts on income tax returns, however, is. Related itemsYour Money: AutoSlash, a Rate Sleuth, Makes Rental...
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