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

Posted on 6/4/14 at 6:15 pm to
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/4/14 at 6:15 pm to
That has been done to an extent, but at the individual level.

It will happen at the foreign entity level soon, but the reporting is actually pretty well designed to get at certain information.

But really, maybe more importantly, it is something of a scare tactic that is working MUCH better than the gov expected. Exponentially better really.
Posted by BBONDS25
Member since Mar 2008
48810 posts
Posted on 6/4/14 at 6:28 pm to
:sigh: His statement wasn't stupid. It was relevant to the statement you made. You are just hiding the ball and calling him dumb for not guessing what you are referring to. Maybe just tell him.


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