Recent content by FATCA

Ok what about brokerage accounts? Seems like there are no brokerage account without interest

Can you elaborate? Its easy to open an account but they all have interest like 0.1 or 0.01 or something

Why don't they do the same for LLC bank account? That's also pass-through, isn't it? Seems like the best solution as a work around is to get 0% interest. But how?

Oh ok, then one should do this across multiple banks. Do brokers snitch on clients even if interest is like $2 per year? I can't find any brokers that have 0% interest. Seems like they purposely pay some low interest so clients can be reported

I don't understand what you mean Thanks for sharing. To fix this problem, can one split his accounts so each one earns <$9? :)

In case you didn't know, here's some good information. I can't confirm if this is 100% true but I believe the writer analyzed the FATCA agreement texts. For example, this one: https://home.treasury.gov/system/files/131/FATCA-Agreement-Sweden-8-8-2014.pdf I'd like to ask some questions about...