I am curious about off shore banks and how that works. If anyone has experience with this or is in the field, please PM me.
Thanks!
IF you do use a non-USA bank then you MUST declare that fact on your income tax returnBut Israel did not and does not
The Swiss turned over to the IRS all Americans that had bank accounts
Why?
The Swiss banks were threatened with 'a big USA boot on their throats' or get kicked out of the banking system or something to that effect Originally Posted by instfixer
But Israel did not and does not Originally Posted by bladtinzuAs always they get to invent their own rules & it doesn't bother anybody.