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Non-Tech : Shorting with Offshore Accounts
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To: Rajiv who wrote (2)2/8/1999 3:35:00 PM
From: peter michaelson  Read Replies (2) of 127
 
Rajiv:

I believe that US taxpayers are obligated to report all income, whatever the source.

I think the reason that people don't talk much about their offshore accounts is that the IRS hates them. The IRS has difficulty knowing you have offshore income unless you report it.

I suppose that means that people with offshore accounts are more likely to be audited.

peter

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