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It depends on your country, and the country you're looking at. If you are an American, be aware that merely having a bank account in a foreign country will mak
by irq11 10y ago
It depends on your country, and the country you're looking at.
If you are an American, be aware that merely having a bank account in a foreign country will make your life a lot more complicated at tax time. It's probably not worth the pain, unless you have a specific need.
- genericpseudo 10y agoIt's not so bad, actually; you have to file FBAR, which will take you a couple of hours, but that's about it.
- 0xffff2 10y agoIt only takes me a couple hours to do my taxes in the first place.
- walshemj 10y agoActually some Uk /Euro banks wont take American customers to avoid the extra costs the IRS insists on.