Is it considered fraud if an individual deposits funds in a foreign account that was opened in his daughter's name in order to shield his money from tax liabilities in the United States? If so who should be reported of this occurrence?
If you believe that U.S. tax laws were violated, you should contact the Internal Revenue Service. It's possible that whatever action was taken legally avoided U.S. tax law. If that's the case, the I.R.S. won't take any action.
Published on BankingQuestions.com 5/07/08
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If you believe that U.S. tax laws were violated, you should contact the 