The Internal Revenue Service (IRS) does not treat money held in a foreign account the same as money that is held on a domestic account. Out of fear of being unable to take revenue from foreign accounts, the IRS has taken steps to discourage foreign account use. This is a huge area of serious concern for any U.S. individuals with assets in foreign institutions.
U.S. individuals interested in opening foreign bank accounts must consider these challenges and clear up credit concerns and any possible risk flags. Decreasing as many risks as possible on an individual level can help skeptical foreign banks overlook the risk of being an American subject to IRS taxation.
Thanks to FAS & CPA Consultants and Fulton Abraham Sanchez, CPA, I was able to resolve a debt of $479,677.71 that I had with the IRS.
My experience with FAS CPA & Consultants has been incredible, their professionalism is impeccable. I highly recommend them.
I highly recommend FAS CPA & Consultants, they are responsible, efficient and very dedicated.
FAS CPA & Consultants
9000 SW 137 AV Suite 224 Miami, FL 33186