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  • What Currency Is Best for Holding Cash? [View article]
    Chug into either Mexico or Canada, open a bank account, Internet wire transfers thereafter.

    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.
    Jan 13 16:07 pm |Rating: +1 -3
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