http://www.taxgirl.com/fix-the-tax-code-friday-foreign-accounts/ Paying taxes is painful... but reading about them shouldn't be. Sun, 12 Feb 2012 17:55:29 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://www.taxgirl.com/fix-the-tax-code-friday-foreign-accounts/comment-page-1/#comment-11573 Ron Hasssett Mon, 24 Aug 2009 22:47:47 +0000 http://www.taxgirl.com/?p=3865#comment-11573 IRS needs to continue the pursuit of offshore accounts. I'll bet the one's screaming "waste of resource" are the ones with these accounts and have earned but unpaid taxes and after the grace period, heavy fines and even criminal charges. If I were in that situation I would be screaming too. IRS needs to continue the pursuit of offshore accounts. I’ll bet the one’s screaming “waste of resource” are the ones with these accounts and have earned but unpaid taxes and after the grace period, heavy fines and even criminal charges. If I were in that situation I would be screaming too.

]]> http://www.taxgirl.com/fix-the-tax-code-friday-foreign-accounts/comment-page-1/#comment-11526 JBruce Sat, 22 Aug 2009 05:00:09 +0000 http://www.taxgirl.com/?p=3865#comment-11526 I agree -- it's likely that there's quite a lot of untaxed $$$ stashed in foreign cubbyholes. I agree — it’s likely that there’s quite a lot of untaxed $$$ stashed in foreign cubbyholes.

]]> http://www.taxgirl.com/fix-the-tax-code-friday-foreign-accounts/comment-page-1/#comment-11514 Vinny Fri, 21 Aug 2009 18:45:35 +0000 http://www.taxgirl.com/?p=3865#comment-11514 As long as the US has a system that taxes worldwide income and our treaty network supports information exchanges with foreign governments to uncover potential tax evasion, I have no problem with it whatsoever. Like Deep Throat said, follow the money. As long as the US has a system that taxes worldwide income and our treaty network supports information exchanges with foreign governments to uncover potential tax evasion, I have no problem with it whatsoever. Like Deep Throat said, follow the money.

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