offshore accounts/Taxes
all income world wide must be reported for US citizens. when you file your taxes your asked on the form if you have any overseas accounts or are a director/officer of any overseas companies. fraud is not something you want to be charged with, nor tax evasion. opening the account is fine. however, doing do to "reduce your US tax liability" is going to get you in trouble. open the account, but be fully transparent with the IRS, and pay your taxes.
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