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Bank offshore

Bank offshore

Old Mar 10th 2007, 11:10 am
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Default Bank offshore

Hi All

May be I'll get a job abroad . I want to know what is the best offshore bank . I hear about HSBC and alliance-leicester . I just want to hear from your experience about the best offshore bank

By th way how much should I transfer ? I am going to transfere about $20,000 abroad . Is this a red Flag for IRS ?

Thanks

Last edited by ramNagab; Mar 10th 2007 at 12:15 pm.
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Old Mar 10th 2007, 8:15 pm
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Default Re: Bank offshore

Originally Posted by ramNagab View Post
Hi All

May be I'll get a job abroad . I want to know what is the best offshore bank . I hear about HSBC and alliance-leicester . I just want to hear from your experience about the best offshore bank

By th way how much should I transfer ? I am going to transfere about $20,000 abroad . Is this a red Flag for IRS ?

Thanks
What is your rationale for banking offshore? And what do you want to do with the $$$ - that will dictate the amount. Which country is the $$ coming from - cos the IRS probably won't care, money laundering flags will go off first
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Old Mar 10th 2007, 10:03 pm
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Default Re: Bank offshore

Originally Posted by ramNagab View Post
Hi All

May be I'll get a job abroad . I want to know what is the best offshore bank . I hear about HSBC and alliance-leicester . I just want to hear from your experience about the best offshore bank

By th way how much should I transfer ? I am going to transfere about $20,000 abroad . Is this a red Flag for IRS ?

Thanks
It really is a good idea to talk about how you're intending to cheat the IRS on a public forum. Good luck.
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Old Mar 10th 2007, 11:11 pm
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Default Re: Bank offshore

Depends on what your citizenship is and all that, if your an LPR or USC, you'll have to declare worldwide income/assets...sure you could try and scam the IRS, but they tend to get people in the end, look at Capone

And transfer in and out of the US over $10K get flagged by the bank automatically.
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Old Mar 10th 2007, 11:14 pm
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Default Re: Bank offshore

Thanks Bob for your answer

just for your information . I sent a message for IRS today asking them about the situation and I am waiting for reply .
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Old Mar 10th 2007, 11:17 pm
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Default Re: Bank offshore

Originally Posted by ramNagab View Post
Thanks Bob for your answer

just for your information . I sent a message for IRS today asking them about the situation and I am waiting for reply .
Change it into dimes and put it in your luggage.
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Old Mar 10th 2007, 11:19 pm
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Default Re: Bank offshore

Originally Posted by gruffbrown View Post
Change it into dimes and put it in your luggage.
Good idea Gruff...it'd only make holes in his pockets.
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Old Mar 11th 2007, 12:42 pm
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Default Re: Bank offshore

it seems there are many funny dudes here . lol
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Old Mar 11th 2007, 1:04 pm
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Default Re: Bank offshore

Originally Posted by ramNagab View Post
it seems there are many funny dudes here . lol
Aye we like a laugh...keeps us sane. Glad to see you didn't take in personally.
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Old Mar 11th 2007, 3:47 pm
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Default Re: Bank offshore

LloydsTSB keep trying to sell me on offshore accounts. As long as I keep my UK account for free, and have accounts in the US for free, it's not gonna happen. They want way too much money for an offshore account, not to mention that trying to use a non-US debit card over here is a real PITA in stores, and expensive at the ATM.
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