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American offshore accounts in foreign banks with more than 50.000 dollars have to be reported

Tuesday, July 16th 2013 - 21:12 UTC
Full article 6 comments

The US Treasury Department said it will postpone enforcement of a new law that cracks down on offshore tax avoidance by Americans by six months until July 1, 2014, giving foreign banks more time to determine how to comply. Read full article

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  • Klingon

    Easy, set up multiple accounts with $49,000.00 in each.
    Screw the IRS wanting to control the world.

    Jul 16th, 2013 - 09:51 pm - Link - Report abuse 0
  • lsolde

    @1,
    My thoughts exactly.
    What about people, who are not US citizens, who have accounts in the USA.?
    Is that their next target?

    Jul 17th, 2013 - 10:45 am - Link - Report abuse 0
  • Captain Poppy

    If you have money in USA bank that is already reported to the IRS. However, it is unlikely that you are paying taxes here anyway.

    Jul 17th, 2013 - 12:34 pm - Link - Report abuse 0
  • DanyBerger

    Dear Sr/Madame
    To whom concern
    Internal Revenue Service

    I would like to inform you that I know a couple of suspects here in Argentina that seems to avoid some tax to US government just posting all day in Mercopress.

    The modus operandi seems to deposit little amounts in severals accounts.

    I feel the strong obligation to communicate this as a good friend that I’m of Amexica.

    Hoping the rule of law prevail I will be willing to provide any other information as you require.

    Kind regards,

    Yours praiseworthy servant
    DB

    Jul 17th, 2013 - 01:53 pm - Link - Report abuse 0
  • Captain Poppy

    They spy on us remember?, they already know this.

    Jul 17th, 2013 - 01:57 pm - Link - Report abuse 0
  • Klingon

    It is not spying, they are just backing up your data for you. ;)

    Jul 17th, 2013 - 03:23 pm - Link - Report abuse 0
  • Captain Poppy

    On earth we call that sarcasm

    Jul 17th, 2013 - 04:03 pm - Link - Report abuse 0

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