The top 100 stock
market authors
selected for publication in the last week
market authors
selected for publication in the last week
You are currently following Conan the Barbarian
Stop FollowingYou are no longer following Conan the Barbarian
-
2321
)
-
Chug into either Mexico or Canada, open a bank account, Internet wire transfers thereafter.
Jan 13 16:07 pm
|Rating:
+1
-3
All Comments by Conan the Barbarian »What Currency Is Best for Holding Cash? [View article]
You can open a subaccount to handle conversion into another currency. As long as the account is less than $10K, you do not have to report it to the Treasury.
If $10K or above you MUST report it but as long as it is not interest bearing, there are no taxable consequences.
At least, this is what I've heard.