Business Tax Recovery Logo


Business Banking South Milwaukee WI

See below for information on banks in South Milwaukee, WI 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.

Guaranty Bank
(414) 282-4661
4661 S 27th St
Milwaukee, WI
 
Pyramax Bank
(414) 421-8207
7001 W Edgerton Ave
Milwaukee, WI
 
Mayfair Mortgage
(414) 448-2000
2222 N Mayfair Rd
Milwaukee, WI
 
Wells Fargo
(262) 335-3930
2675 N Mayfair Rd Ste 202
Milwaukee, WI
 
Mayflower Funding
(505) 264-8701
7670 N. Port Washington Road suite 102
Fox Point, WI
 
Tri City National Bank
(414) 281-1610
3701 S 27th St
Milwaukee, WI
 
Great Midwest Savings & Loan Association (Inc)
(414) 546-0404
10269 W National Ave
Milwaukee, WI
 
National City
(414) 445-5655
6055 W Lisbon Ave
Milwaukee, WI
 
North Shore Bank
(414) 259-0059
8706 W North Ave
Milwaukee, WI
 
Chin'ese and Nance 5 linxs Representatives and Company LLC
(414) 236-5790
8945 W Mill Road
Milwaukee, WI
Alternate Phone Number
414 236-5790

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