Offshore bank dating

Posted by / 09-Oct-2018 06:01

Offshore bank dating

Belize maintains diplomatic relations with the Republic of China (“Taiwan”) instead of the People’s Republic of China.

A New Year's resolution can be a way to finally focus on and tackle a problem that has been nagging at you. The FBARThe main form that must be filed annually to report most offshore-account situations is the FBAR - the Report of Foreign Bank and Financial Accounts, also known as Fin CEN form 114, usually filed electronically. Foreign accounts must also be reported on regular federal tax returns, possibly on Schedule B or Form 8938, depending on the circumstances.

Buried in a long 2015 transportation and veterans' health bill was a big tax law change taking effect in 2017, in which the FBAR filing deadline will for the first time coincide with the date regular federal income tax reporting is due for the previous year.

For 2017, that date is April 18, but in most years, as everyone knows, tax day is April 15.

An offshore bank is a bank located in a jurisdiction different from that where its depositors reside.

Countries that have a history and reputation as a haven for offshore banks can be referred to as offshore financial centres.

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citizen or resident with financial interests in offshore bank accounts or other overseas assets, make 2017 the year you talk to an attorney to get a handle on your U. government reporting obligations related to those assets.

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