There are several benefits of offshore online banking. Learn the pros and cons of offshore Internet banking from firsthand experience as well as critical mistakes to avoid. This book discusses what offshore banking is, why to consider it in the first place, who it is for, its advantages and disadvantages, and some important things to know and keep in mind before getting involved with offshore banking. 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 timelines.
©2008 Curt Matsen (P)2015 Curt Matsen
This brief tutorial on offshore banking of course omits various advanced complexities. But it is a fine first look. The author constantly has an eye on compliance issues which is a good approach, because this is not a place for people to tread uninformed.
The quality of information in this book is as close to being a zero as I can imagine. It was a total waste of my time and energy.
He could have eliminated droning on and on about addresses and telephone numbers and set forth substantive "why's" for filing. This was like reading a first grade book: See Sally run? See Jane run?
There are no characters other than an author who apparently gets paid by the word, thus squeezes everyone of them to death and beyond.
Don't buy this; keep looking and avoid anything this author offers. He uses this form to try to solicit new business. If I were on my last leg being pulled into the prison cell by the ugliest G-Man, I would NOT hire this fellow. Ever.
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