http://www.youtube.com/watch?v=25Wo8fJSdsY
There are other ways to get hold of your details and one of these is by installing a Trojan onto your computer. A Trojan is a small malicious program that will record your key strokes and send them off to the person who installed the Trojan.
Some people are confused with the rules of the IRS Offshore Voluntary Disclosure Program. They think that as long as they don't have $10,000 stored in extraordinary off shore banking accounts when they file their taxes, they don't have to report it. Unfortunately, that's not the case -- and making that mistake can land you in some hot water!
It's great that you are asking that question. Because of the false information about offshore banking, most people do not even ask. And they miss out on the many benefits for everyday people like you and me.
This is mostly an urban legend. While it is true that very wealthy people often did try to hide large sums of money by depositing them in overseas banks, it is not done so much these days since the Internal Revenue Service now has the power to monitor overseas and offshore banks.
If you're really serious, become a RESIDENT someplace else. Not a citizen. A resident. Much easier and it doesn't cost a kazillion dollars for an economic passport. Once you are a resident, with the proper I.D., you can open bank accounts in your new residence country that are not linked to your U.S. documents. Is there still a reporting requirement if you reach the limit? Yes.
If you have an accountant that handles them for you, they should be able to provide all the information in a summarized format that can help you fill out all the forms. If you don't have an accountant, you might want to hire one to help you get everything organized in a manner that makes the process smoother. You won't regret that move.
bank branch, fbar amnesty, paid taxes
