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

Posted on 6/5/14 at 7:02 am to
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 6/5/14 at 7:02 am to
I'll try and respond to some of this when I have a chance.

For now, I'll just say NC is way way off in his thinking and doesn't understand much of anything going on in this area.

And bonds is out of his element on this subject.

And not sure what outrank me means, but bonds, I assure you you don't.
Posted by BBONDS25
Member since Mar 2008
48802 posts
Posted on 6/5/14 at 8:24 am to
It means as an accountant, You are by definition a bean counter. You crunch numbers. Which is important. But legal strategy planing strategy and overall tax strategy is left to lawyers. The use of foreign benefits can be a very effective planning tool. You Stick to crunching the numbers. You aren't qualified for the planning side.
This post was edited on 6/5/14 at 8:26 am
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