Offshore asset protection – Trust vs RAPS – Video
Posted: January 19, 2013 at 10:52 pm
Offshore asset protection - Trust vs RAPS
The Tax Deferred Foreign Retirement Account (RAPS) is reported on FBAR and IRS Form 8938 is "Excluded" from Reporting by the IRS because it is an IRA Account. The Foreign Retirement Plan Administrator is specifically excluded from reporting under FATCA Law. Therefore the Luxembourg Investment Account Custodian has no USA reporting or withholding requirement. No withholding or reporting requirement is the reason the Active Custodian is willing to open an account for a USA person in Luxembourg. There are no USA Person "Offshore" Fund Choice Restrictions and no PFIC nor FATCA issues." For more information visit http://www.investoffshore.com
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Offshore asset protection - Trust vs RAPS - Video
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