Thinking of Putting Your Money Offshore? Here Are a Few Things You Should Know

Are you a U.S. taxpayer who is thinking about opening an offshore financial account in a country outside of the United States? If you are, you are definitely not alone. There are ample reasons to open offshore accounts. You may spend time in another country and want to keep some money there; may want to have an overseas account where loved ones live; may want money outside the U.S. due to political or economic issues; or may simply want to diversify your assets so you have funds invested in a different currency in case the purchasing power of the dollar weakens.

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