Besides running the largest foreign bank in Latin America, the Botins are now taking on Asia.
The government has introduced tighter monitoring of foreign bank accounts held by Russian state employees.
Form 1040 Schedule B: do you have a foreign bank account, yes or no?
Try this irs.gov link for Report of Foreign Bank and Financial Accounts (FBAR).
FORBES: Handling New IRS Foreign Reporting Requirements Without Doing Jail Time
In addition, many Croatians seem more inclined to trust a foreign bank than a domestic one.
If you have foreign bank accounts, you also have to keep track of other rules.
If you are still fretting over undisclosed foreign bank accounts, consider the IRS voluntary disclosure program.
FORBES: IRS Can Make You Produce Offshore Bank Records Even If Self-Incriminating
You might be shocked to learn that foreign bank records could be viewed in this way.
FORBES: IRS Can Make You Produce Offshore Bank Records Even If Self-Incriminating
So how does a foreign bank account or undisclosed foreign income fit into this puzzle?
Mr Usmanov's private company, Gazmetall, has made a formal approach, through a foreign bank, to Norilsk.
You might think it would be obvious that your foreign bank records are purely personal, especially today.
FORBES: Why Every American Should Worry About Bank Record Subpoenas
Few can claim ignorance of the IRS push for full transparency of foreign bank accounts and income.
FORBES: Why Every American Should Worry About Bank Record Subpoenas
You may want to keep a foreign bank account secret from your spouse, employer or business partner.
FORBES: Beware Bank Interest Reporting Even For Nonresidents
It also won a QFB (qualified foreign bank) license in Singapore to further expand its branch network.
That means U.S. retail forex traders can trade on non-registered foreign bank forex platforms until July 16, 2011.
Many of these traders have not filed foreign bank account forms and might not be complying with FBAR rules.
FORBES: Handling New IRS Foreign Reporting Requirements Without Doing Jail Time
The only exception is in the case of a criminal investigation where law enforcement officials contact a foreign bank.
Stop attacking Romney for outsourcing, for foreign bank accounts and for Bain Capital.
If it's money in a foreign bank account, it could be very tough to get government hands on it.
Morgan is unlikely to be the only foreign bank to end up in an Asian court because of derivatives.
Wegelin is the first foreign bank to plead guilty to U.S. tax charges.
On Tuesday, Mr Putin introduced a bill which forbids officials and their spouses from keeping money in foreign bank accounts.
Many of Cyprus's foreign bank depositors are Russian, and Russian shares were hit hard, with the RTS Index falling 2.8%.
Conversely, an account maintained in a U.S. branch of a foreign bank is not a foreign financial account subject to reporting.
FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form
The same applies if a foreign bank switches all or part of its operations from London to New York or Zurich.
If you still have undisclosed foreign bank accounts you should feel uneasy.
Mr Montesinos retains much compromising information, and money in foreign bank accounts.
The Report of Foreign Bank and Financial Accounts requirements (31 CFR 103.24), or the FBAR rules, are part of the Banking Secrecy Act.
If the client funds are reported on a foreign brokerage statement, we consider this a foreign bank account to be reported under FBAR.
FORBES: Handling New IRS Foreign Reporting Requirements Without Doing Jail Time
The law only makes it compulsory for Russian citizens to notify the tax authorities whenever an account in a foreign bank is opened.
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