News & Events
Archive by Year:2019 - Page 3
Managing Partner, Kevin E. Thorn, was quoted by Bloomberg News about the Tax Implications of Government Shutdown.
NewsPosted in on February 1, 2019
Offshore banking – setting up a bank account in a foreign country – can often be a good idea, especially in countries that have favorable banking regulations. Offshore banking can also present risks. In addition, there are IRS reporting requirements that, if not attended to, can cause a taxpayer civil and even criminal liability.
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