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Offshore account

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Old Apr 19th 2007, 11:14 am
  #1  
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Default Offshore account

1 - I am going to open an offshore account on next August . When I suppose to report this account to IRS . next year or this year ?

2 - I am gonna to get annual intereste . I am worried IRS could miss understand that and think I am hiding money because the first interest date is one year after opening the account

any ideas ?

Thanks
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Old Apr 19th 2007, 11:31 am
  #2  
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Default Re: Offshore account

Originally Posted by ramNagab
1 - I am going to open an offshore account on next August . When I suppose to report this account to IRS . next year or this year ?

2 - I am gonna to get annual intereste . I am worried IRS could miss understand that and think I am hiding money because the first interest date is one year after opening the account

any ideas ?

Thanks
just don;t open an offshore account, its a lot easier just to open a normal account with citi/well fargo/boa
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