Search results

I had the view that crypto would be clamped down on hard by the government which to be honest I still think it will BUT I think it'll be mostly useless. The big boys in the room are the IRS and reality is they cannot at scale track this stuff. The technology is advancing faster than they can...

haha ya I have an accountant + lawyer who deals specifically with my US tax issues.... i pay thousands a year. If I did in fact forget to tell them though about a company that's my fault not theirs, accountant cant know what I do not tell them. I managed to accidently delete the one tax year...

I am wondering what the repercussion will be for forgetting to report a foreign branch specifically form 8858 I think I may have forgotten to file one for one of my foreign companies as a US person. I'm pulling my tax transcript to double check but I know the penalty is $10,000 by default if in...

My precise questionns2 This was the only clinton list I could think of Clinton Body Count - Wikipedia smi(&%

I don't know why the IRS would share the EIN with the italians and NM has no public registry data so you should be fine. The Corporate Transparency act goes into effect supposedly in 2022 this will require you to give ownership data to FinCen yearly in the USA. This wont be publicly accessible...

Stripe shouldn't change anything with your tax status if your operating a US LLC as a non-resident :) of course double check everything with a CPA since I am not one and every individual situation is unique to some extent.

this is their ultimate goal since then they can just track every financial transaction with no warrant, request, subpoena, or other procedural process standing in their way. It'll just be did you buy this candy bar for $3 when you declared $2 in taxes! You under reported $1 now send us your $100...

id just take what is yours, file for dissolution of the marriage, and leave the country.

besides the erosion of more of your privacy and property rights then yes nothing else happens to tax law abiding cucks. The more work for CPAs = Higher compliance bills from your CPA so this will impact you. The more work from your bank = Higher Fees or higher minimum balances etc so this will...

I feel you man I'm also a US expat and run into all the same issues. It's funny how much worse it's getting to be honest. All of our issues we deal with abroad are basically what they want to come to domestic Americans. Corporate Transparency Act is basically domestic FATCA of sorts. It's not...

my thoughts exactly lol perhaps this makes a foreign bank account more private than a domestic US one haha since sure there is FBAR from FATCA but that is just on balance not transaction data. 2022-2023 sounds like the tax year of privacy death in America at the going rate. It's already pretty...

Looks like my home country is going to become even more cuckoo not sure if anyone else here has taken a read into the Biden administrations new proposed bank account reporting requirements. I know some on this form have talked about the EU's lowering of cash purchases of a few thousand euro...

Does anyone on here have any experience purchasing and renting out real estate in Bulgaria? Specifically the Varna region. I was considering making a purchase in Varna and wondered if there is anything I should look out for when investing there. Prices are very low per square foot I am seeing...

You'd need to talk to a US CPA who deals in cross border tax compliance because the answer to your questions is most likely a lot of "it depends" along with accountants in your EU countryo_O Your question of the LLC being taxed on each sale or on profit after expenses, of course its profit after...

The fact Argentina is listed as the birth place may create an issue however this is assuming that the brokerage firm is that attentive to your document to catch that. Argentinian perhaps a worse situation than American citizenship since least the US passport can be renounced to get rid of FATCA...

use @JustAnotherNomad thread he linked, it'll give you solutions that will work actually. Big banks like Wells Fargo, US Bank, Chase, BoA, Citi, are unlikely to work in your case and even having a US friend likely will not make it any similar. I've opened US LLC's with multiple members at brick...

In terms of your ability to shift profits to another jurisdiction? sadly no. Most western tier 1 countries(US,CA,EU,NZ,AU) have all made sure that what your talking about doing will not work(Legally that is) your gonna need to physically move yourself to obtain a better tax situation I can bet...

Smart plan best to not setup foreign company and attempt anything without proper legal guidance since EU is not gonna be an easy one to wiggle your money out of the Belgian tax net assuming what I am envisioning is correct that your a single person running a YouTube channel from predominantly...

Your gonna need an EIN or SSN number, bank will ask for country of citizenship also etc. This will not be easy to fulfill if you are not inside the USA. You can get an ITIN but probably will still be hard to get a bank to onboard your Wyoming shell corp. I've had lots of first hand experience...

You should talk to an accountant in Belgium but tbh since it's Belgium why not move to your lower taxed friends next to you The Netherlands or if you really wanna use Dubai to make it compliant and legal your probably 99% gonna have to leave Belgium. I only think of The Netherlands as an option...