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Category Archive for: ‘Offshore Accounts’

  • IRS to Reduce Penalty for Offshore Account Holders (If They Fess Up)

    For most people, taxes are relatively straightforward.  Not easy, not pleasant.  But straightforward.  If you have a bank account that earns interest during the year, then at the beginning of the following year your bank sends you a Form 1099-INT reporting the interest that you …

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