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I'm a US Citizen with accounts in europe. I know I have to report accounts when balance hits 10k at any time in a calendar year or when aggregate balances across all accounts reaches 10k. My question is; what information does the bank report to the fincen? Do they report my highest balance of...

People keep talking about Swissquote having extremely high fees but I don't see that. Am I missing something?

I don't want banks to send FATCA reports to IRS because I can be target of a lawsuit. Our civil justice system is a joke in liberal cities. I'll give u an example, 2 years ago; I got in a car accident where I followed the law, marked a stop sign; proceeded to turn; only to have a 17 year old...

I don't have a problem with taxation. I pay taxes on every penny I make and my money entirely legit. I don't have a problem w the country. My issue is with lack of privacy and the predatory governments we've been having since Obama

Very helpful. Thanks. I trade equities and futures contracts. I WILL be reporting income and paying taxes. I just want privacy and be as far as possible from US creditors. I've had a Swiss quote account for 3 months now. Where do I find this “Yuh” account? I can't fine anything about that on my...

Not sure if you guys know what as of Jan 2024, under the Corp transparency act, every entity owner needs to file with FINCEN ownership documents. No more privacy with Wyoming or New Mexico. I pay my taxes and obey the law but this lack of privacy is becoming absurd. First it's FATCA and then...

I might have misunderstood. Thought you meant non residents are opening accounts using an ITIN without being present

Then hold assets for longer than 12 months and pay 20% . There's no such thing as 37%. It's either short term capital gains taxed at income bracket or long term taxed at 20%. There are no loopholes. Speaking of offshore options indicates intent / possibility of evasion. If you're a U.S. person...

The only way to lower your tax liability is to offset your gains with prior year losses. An offshore company wouldn't help. Pay Uncle Sam and move on. The U.S. treasury doesn't even need to know or make any efforts to find out what you did in the event you want to evade taxes. The information...

What would you advise as far as corp bank account with low fees for US citizen? (Obv outside the U.S. lol.)

I don't think OP said anything about crypto ”¦ What I do know (as a US resident and US citizen and a former JP Morgan employee), is that no credit union or community bank with allow an ITIN to open an account. As far as large banks are concerned, you might have been lucky bypassing back office...

where do they want people to pull source of funds documentation of a sale that occurs 20 years after the purchase. Ridiculous

I can refer you to someone who's a sales exec with a large developer. They accept USDT

An ITIN won't get you a US bank account remotely. Secondly not “any” US bank will accept an ITIN. Many community banks refuse clients who don't have a SSN. Also; be prepared to have your account frozen down the road with the only option to unfreeze it being a visit to the bank with two forms of...