offshore / swiss banks

[bav]

If you put >= $10K into an offshore account you are required to check the box on the Federal 1040 form that states you have offshore accounts. From http://www.gambling-law-us.com/Artic...mbling-tax.htm

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The quickest and surest way that I know of to have your return audited by the IRS is to declare a foreign bank account on Schedule B and/or Form TD F 90-22.1. Based on my experience in dealing with the IRS, the audit rate is close to 100% the first time you make such a declaration.

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