QUESTION
I am US citizen and Live in california
Asked on Aug 13th, 2017 on Business Law - California
More details to this question:
I want to open a legal offshore account so I can trade with borkers across the world . I am not trying to hide or play games just want legitimate process to do this with a good bank offshore . Thanks
1 ANSWER
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Doland & Fraade
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US cirizens and permanent residents are permitted to open offshore accounts so long as the y disclose them on their tax returns and pay US tax on their worldwide income (less any tax treaty benefits. PS I am not a tax lawyer.) Then it is up to the brokerage company as to whether they accept "Americans".
Answered on Sep 06th, 2017 at 3:06 PM