How Do You Find Off Shore Bank Accounts?
In most cases, the purpose of an offshore bank account is to hide assets and to achieve greater privacy. Offshore banks have built a reputation for providing a tax haven and insulation from political or financial issues. While citizens of the United States are required to report all offshore bank accounts, offshore banks are not required to report income to the IRS. The situation makes it difficult to locate assets in these accounts as there are no legal regulations or documents to confirm or verify assets. This article will purpose two ways of finding off shore bank accounts. Determine the name of the account holder. It is not uncommon for someone to use the name of in-laws, a wife’s maiden name, or other relatives to set up an account. If conducting the search on your own, start by trying to find the signer of the account. A signer will have their name on the account, but can use the social security number of other people on the account instead of their own. The signer still maintain
