Asset Protection tru The Marvont Group United States/Tokyo Japan - Understanding Foreign Bank Accounts and Offshore Banking

There is an increasing industry of offshore practitioners advising citizens of the United States to set up offshore bank accounts. They convince the U.S. individual to trust the firm secrecy laws of the jurisdiction and to not report ownership of the funds to the Internal Revenue Service. This pure and simple tax fraud gets several people into trouble. Bear in mind that the people of the United States are required to report any financial interest in any offshore account.