Topic
Offshore Accounts
126 published works
Asset Search Blog
Methods For Hiding Assets: Revisiting USA v. Pursley
By Fred Abrams
https://youtu.be/KjVfPDWCXMo Since Mr. Jack Stephen Pursley’s tax evasion case showed methods for hiding assets, I discussed his case at my August 16, 2020 post . Then on January 12, 2022,…
U.S. Income Tax for Expatriates, Nonresidents & U.S. International Tax Matters
When Must a US taxpayer or Expatriate File Forms 114 and 8938?
When is a US Taxpayer required to disclose offshore accounts on an FBAR and IRS Form 8938? While many US taxpayers and expatriates have come to understand the requirements of…
Mile High Estate Planning
Are Offshore Accounts Legal? A Complete Guide
By Blake Harris
Offshore accounts are known to carry a questionable reputation. In actuality, most people use offshore accounts simply to protect their wealth, diversify their investments, plan for future generations, and more.…
Mile High Estate Planning
A Guide to Opening Swiss Bank Accounts for U.S. Citizens
By Blake Harris
Switzerland is the world’s primary hub for offshore accounts because of its extensive history of neutrality, economic stability, and banking privacy. Films and television shows have portrayed Swiss banks as…
Mile High Estate Planning
Offshore Protection Review: Cooks Island Trust vs Nevis LLC
By Blake Harris
Offshore asset protection means setting up entities such as trusts and holding companies in different jurisdictions in order to take advantage of those countries’ more favorable laws. The main goal…
Asset Search Blog
Concealing Assets At A Sham Church And Offshore Bank Account
By Fred Abrams
In USA v. Allen, Pennsylvania anesthesiologist Mr. James G. Allen Jr. pleaded guilty to tax fraud on June 4, 2019. Mr. Allen’s plan for concealing assets from the IRS seemingly…
Asset Search Blog
Why It’s Hard To Detect Accounts At Offshore Banks
By Fred Abrams
We all know that compared to money hidden at domestic bank accounts, money hidden in offshore accounts is harder to detect and interdict. This explains why offshore bank accounts are…
Asset Search Blog
CFO Allegedly Had Millions In Hidden Money Offshore
By Fred Abrams
The IRS thinks Florida businessman and Novatek CFO Mark Anthony Gyetvay, had hidden money offshore. The IRS believes Mr. Gyetvay secretly stashed as much as $93 million offshore in 2…
Money Laundering Watch
The ENABLERS Act Seeks to Impose BSA/AML Requirements on an Array of “Middlemen” Professionals
Lawmakers Targeted “Gatekeeper” Professions Following the Pandora Papers Leak Motivated by revelations contained in the recently-released Pandora Papers, on October 6, 2021, four U.S. Representatives – Tom Malinowski (D-NJ), Maria…
The Right Coast
Pandora Papers: An offshore data tsunami – ICIJ
A 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories. These are people who use tax and secrecy havens to buy…