All this talk about foreign bank accounts, how do people get them? Do you have to visit a foreign country? Is the money deposited kept in the local currency? What is illegal about it, other than not reporting the interest income maybe?
I really don't see much value in foreign bank accounts, so I don't understand why people clamor to get them. Any insights?
WOW, Dead silence on this one.
I don't believe there is anything illegal about them.
You still have to report and pay the tax's on any money made though.
Obama wants to distribute youe cut.