Business Tax Recovery Logo


Business Banking Rockmart GA

See below for information on banks in Rockmart, GA that give access to business banking, which includes services such as online banking, business checking, business loans, as well as business savings, business credit cards and commercial loans and lines of credit.

Aggeorgia Farm Credit ACA
(706) 291-6340
701 E 2nd Ave Sw
Rome, GA
 
Cash Source
(706) 235-8220
1519 Dean Ave Se
Rome, GA
 
Extreme Mortgage of America
(770) 923-9232
621 Brandi Ln
Lawrenceville, GA
 
American Mortgage Services
(770) 931-4045
1745 N Brown Rd Ste 150
Lawrenceville, GA
 
LCG Inc
(678) 455-0464
4625 Church Rd
Cumming, GA
 
Citizens First Bank
(706) 291-9772
701 Broad St
Rome, GA
 
Georgia Diversified Brokers Inc
(478) 755-0004
631 Arlington Pl
Macon, GA
 
Accountax Inc
(912) 691-1122
7370 Hodgson Memorial Dr
Savannah, GA
 
American Home Loans
(614) 923-2400
555 Metro Pl N
Dublin, GA
 
Beacon Credit Services Llc
(770) 772-3635
8560 High Hampton Chase
Alpharetta, GA
 

Offshore Banking Is It Legal?

Offshore Banking - Is It Legal?

If two phrases every seemed to go together, it would be offshore banking and tax evasion. At least, that's what we are told. So, is offshore banking legal or not?

First off, what is offshore banking? Most people picture exotic island destinations like the Bahamas or Cayman Islands. While these are offshore banking destinations, the true definition of offshore banking is doing banking in any country other than the one you are a citizen of as an individual or base your business in if you are a country. When someone from Russia opens an account at the Bank of New York, they are doing offshore banking. If an English citizen opens a bank account in Boston, they are pursuing offshore banking.

Now, it goes without saying that the type of offshore banking that gets all the notice is the type that has serious confidentiality laws. These include locations like Switzerland, the various offshore islands and some countries that you probably have never heard of such as Andorra. Andorra is a tiny country in the mountains between Spain and France. Despite having a tiny population, a surprising number of Ferraris are seen in the area!

So, is offshore banking legal if you are a citizen of the United States? Can you just fly on down to the Caymans and open an account? YES! There is no law that even remotely suggests that you are barred from pretty much putting your money in whatever bank you like. There is, however, a big caveat to this.

As a citizen of the United States, you must pay tax on all your income regardless of where it is earned. You also must give notice to the IRS that you have money held in offshore accounts. As long as you comply with the regulations and pay the taxes on any gains, you are not going to be in any trouble.

So, what do so many people run into problems? Temptation. You have that money sitting offshore in a bank account. If you invest it in stocks in Europe, who is going to know? If you make money, how is ...

Click here to read the rest of this article from BusinessTaxRecovery.com

Local Events

2018 American Economic Association Annual Meeting
Dates: 1/5/2018 – 1/7/2018
Location:
Atlanta
View Details