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bank privacy report

Bank Privacy Report

Reading time: 2 – 2 minutes

The Bank Privacy Report will detail the current state of federal US law regarding bank privacy and explore offshore options.

A reader, Alan Andersen who is a tax lawyer in Salt Lake City, and I exchanged comments via email which he has given permission to share and they were the catalyst for putting together this Bank Privacy Report.

And now it appears that the IRS is going even beyond that … In other words, either basis triggers reporting according to the IRS.

Regarding what the actual law says, it is just another one of those extremely vague and open-ended federal statutes that can mean anything a court says it means.

But typical of most tyrannies, the vagueness is intentional. One never knows exactly when one has crossed the line so that we are all at the mercy of federal prosecutors. We must cower and seek to obey 110%. Who needs trouble. What is scary to me is that but for your website, I would never in my wildest dreams thought I would have to report this, and I am a tax lawyer. How can a layman ever avoid being a criminal? Sad.

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ABOUT THE AUTHOR: Trace Mayer, J.D., holds a degree in Accounting, a law degree from California Western School of Law and studies the Austrian school of economics. He works as an entrepreneur, investor, journalist, monetary scientist and operates Run To Gold. He is a strong advocate of the freedom of speech, a member of the Society of Professional Journalists and the San Diego County Bar Association. He has appeared on ABC, NBC, BNN, many radio shows and presented at many investment conferences throughout the world. This is merely one article of 41 by .
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