Opening a Foreign Bank Account Without Affecting Tax-Filing Needs
For a taxpayer, the Foreign account tax compliance act allows filing needs only. There are no taxes allowed on foreign bank accounts as they are foreign. You must remember that if interest is earned, that might be taxable due to the offset of using the foreign tax credit. If you wish to know more about FATCA or your tax-filing needs, then make sure to reach out to USTAXFiling.in, as we are there to help you. So, what are you waiting for? Schedule a call with USTAXFiling.in right now!
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