IRS reaches Costa Rica

The U.S. Internal Revenue Service announced last week a new initiative to crack down on citizens who are hiding money offshore. The crackdown extends to those U.S. citizens who have control of overseas corporations, what the IRS calls an entity. Many expats in Costa Rica fall into that category if the total amount in bank [...]

Source: http://blog.relocationcr.com/2011-02-28/irs-reaches-costa-rica/

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