Offshore Banking & Foreign Bank Account Reporting (FBAR) Guide

There are several benefits of offshore online banking. Learn the pros and cons of offshore internet banking from first-hand experience, as well as critical mistakes to avoid. This book discusses what offshore banking is, why consider it in the first place, who it is for, its advantages and disadvantages as well as some important things to know and keep in mind before getting involved with offshore banking, as well as the legal and regulatory implications attached to it. This book also discusses the legal and regulatory compliance implications tied to offshore banking and thus provides a comprehensive guide to help you file the (Foreign Bank Account Reporting) FBAR Form to stay compliant and avoid FBAR penalties and fines. You will also learn about FBAR Amnesty programs, the requirements and time lines.