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There could be serious tax ramifications down the line if the income is not correctly reported to the IRS.

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jkw8886

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How do you write a letter for bank account revival?

In certain countries, if you have not used a bank account for some time and the bank has not been able to contact you, the accounts are closed/frozen and the funds are transferred to the government. If this has happened to an account that you own or may have inherited, then the bank (any bank actually) will be able to tell you how to go about getting the money back. There will be a procedure in your country for this. You will have to prove you own the account (old statements/bankbooks etc) and provide proof of identity and residency as part of the process.


How do you get access to a foreign bank account when person is deceased?

File for probate in the country where the bank account is held.


Do I need to close my bank account if I leave the country?

Yes, it is advisable to close your bank account if you leave the country to avoid any potential issues with managing your account from abroad.


Can I access my bank account from another country?

Yes, you can usually access your bank account from another country through online banking or by contacting your bank for assistance. However, it's important to notify your bank of your travel plans to avoid any issues with accessing your account.


What is the IBAN number of commercial bank of Africa?

The IBAN (International Bank Account Number) is a unique identifier for bank accounts used in international transactions. Each IBAN is specific to an individual bank account and varies by country. For the Commercial Bank of Africa, the IBAN format will depend on the country in which the account is held. To obtain the correct IBAN number for a specific account, it's best to consult directly with the bank or refer to your account documentation.

Related Questions

What is the minimum amount of money required to open a bank account in the UAE?

Varies from bank to bank and you must have residency within the UAE


How do you write a letter for bank account revival?

In certain countries, if you have not used a bank account for some time and the bank has not been able to contact you, the accounts are closed/frozen and the funds are transferred to the government. If this has happened to an account that you own or may have inherited, then the bank (any bank actually) will be able to tell you how to go about getting the money back. There will be a procedure in your country for this. You will have to prove you own the account (old statements/bankbooks etc) and provide proof of identity and residency as part of the process.


How do you get access to a foreign bank account when person is deceased?

File for probate in the country where the bank account is held.


Do I need to close my bank account if I leave the country?

Yes, it is advisable to close your bank account if you leave the country to avoid any potential issues with managing your account from abroad.


What is tha currant status of my nri account 42115 in canara bank?

when will expire my canara bank ATM card


Can I access my bank account from another country?

Yes, you can usually access your bank account from another country through online banking or by contacting your bank for assistance. However, it's important to notify your bank of your travel plans to avoid any issues with accessing your account.


How can you access bank account if closed?

You cannot access a closed bank account. Only the bank and the law enforcement authorities of a country have access to closed bank accounts.


Paying bank here in the Amsterdam Netherlands before any transfer can be made to your designated bank account in your country?

do i which paying bank here in the AMSTERDAM NETHERLANDS before any transfer can be made to your designated bank account in your COUNTRY?


What is IBAN?

IBAN stands for International Bank Account Number. It is a series of letters and numbers that is used to identify the country, bank and account number of an account holder.


How do you check account status in state bank of India?

Visit bank branch or call up customer care and provide your account number. They should be able to provide the details after verifying your authenticity as the account holder.


What is the IBAN number of commercial bank of Africa?

The IBAN (International Bank Account Number) is a unique identifier for bank accounts used in international transactions. Each IBAN is specific to an individual bank account and varies by country. For the Commercial Bank of Africa, the IBAN format will depend on the country in which the account is held. To obtain the correct IBAN number for a specific account, it's best to consult directly with the bank or refer to your account documentation.


Can you open a account in rbi?

No. The Reserve Bank of India is not a normal bank that offers bank account facilities to customers. It is the central bank of India and it supervises the banking operations of all the banks in the country. They are the banker to all the banks in the country and do not take up customer requests for bank accounts.

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