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77,000 different foreign banks in 70 countries reporting to IRS now

Posted on 6/4/14 at 12:41 pm
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 12:41 pm
That is a lot of banks reporting U.S. account holders overseas under FATCA.

And it is growing daily.

LINK
Posted by BlackHelicopterPilot
Top secret lab
Member since Feb 2004
52833 posts
Posted on 6/4/14 at 12:43 pm to
Someone send out a Wiki Signal...I need some info on bitcoin
Posted by GoCrazyAuburn
Member since Feb 2010
34902 posts
Posted on 6/4/14 at 12:43 pm to
K?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261251 posts
Posted on 6/4/14 at 12:49 pm to
Is this good? Bad? Sticking it to the rich?
Posted by Jay Quest
Once removed from Massachusetts
Member since Nov 2009
9807 posts
Posted on 6/4/14 at 12:50 pm to
I'm pro anyone who can hide their money from the IRS.
Posted by TigerPride10
Member since Jul 2007
10356 posts
Posted on 6/4/14 at 12:52 pm to
quote:

Sticking it to the rich?


Not necessarily. What it does do is make it harder for banks to offer services to American expats around the world. Many have discontinued services to Americans in the last year because it's not worth the hassle.
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 1:19 pm to
quote:

Not necessarily. What it does do is make it harder for banks to offer services to American expats around the world. Many have discontinued services to Americans in the last year because it's not worth the hassle.


Yep. And people that have stashed money in foreign banks and not reported it are probably not going to be pleased.
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 6/4/14 at 3:53 pm to
quote:

I'm pro anyone who can hide their money from the IRS.


I'm betting you're a rightie.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 6/4/14 at 4:00 pm to
quote:

I'm betting you're a rightie.


QUIT TAKING EVERYONES MONEY AND GIVING IT TO SLACKERS TUBA
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 6/4/14 at 4:00 pm to
quote:



QUIT TAKING EVERYONES MONEY AND GIVING IT TO SLACKERS TUBA


I haven't taken anyone's money.

Posted by NC_Tigah
Carolinas
Member since Sep 2003
124125 posts
Posted on 6/4/14 at 4:34 pm to
quote:

And people that have stashed money in foreign banks and not reported it are probably not going to be pleased.
Pfffssssssttt . . . . here's a secret:

People who "stash their money" in any bank, do not pay taxes on it.

Why?

Because it is not earning money. There is no income.
Posted by Scruffy
Kansas City
Member since Jul 2011
72161 posts
Posted on 6/4/14 at 4:44 pm to
quote:

Posted by Jay Quest I'm pro anyone who can hide their money from the IRS.
Same.
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 4:46 pm to
Ummm....

No idea what you are trying to say, but ok den.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124125 posts
Posted on 6/4/14 at 4:48 pm to
quote:

No idea what you are trying to say, but ok den.
Are you under the impression that banked money generates significant income?


This post was edited on 6/4/14 at 4:49 pm
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 4:54 pm to
I get it now. You are just bored and being stupid.

Stfu or find someone else for that shite.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124125 posts
Posted on 6/4/14 at 4:56 pm to
quote:

I get it now.
I'm not sure you do.

You've implied that Americans with foreign bank accounts are in trouble. Do you have capacity to clarify that?
This post was edited on 6/4/14 at 4:57 pm
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 5:24 pm to
If you only had a clue..

But you don't.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124125 posts
Posted on 6/4/14 at 5:28 pm to
quote:

If you only had a clue..

I have one of those accounts.
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 5:44 pm to
That supposed to impress me?

You need to understand you're coming at me from an area of complete ignorance, at least relatively speaking.

Yet you are trying to act like you have a clue.

If you have an intelligent or legit question, ask.

Otherwise go away.
Posted by rmcc316
Here
Member since Feb 2004
44424 posts
Posted on 6/4/14 at 5:55 pm to
its all about litecoin now, son.
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