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Old 03-09-2005, 07:29 PM  
Pleasurepays
BANNED - SUPPORTING TUBES
 
Join Date: Aug 2002
Location: I live in a pile of boogers
Posts: 11,913
Quote:
Originally Posted by Pleasurepays
sorry.... but if you are a US citizen and you spend 3 months in Spain, 3 months in Holland, 3 months in Germany and 3 months in Iceland, you are still obligated to pay taxes in the US... and you better know the tax laws in the countries you are in, their residence laws and what agreements they have with the US, or you might owe taxes in that country AND the US. You might qualify for some exemption on PART of what you earned or up to 70,000.00 or so... but its incorrect to just say "yes, you can do that" without knowing his citizenship, his income, where he will be going, how long he will be there and so on.

its quite simple... use a competent, experienced attorney and LISTEN TO THEM.
i should have clarified that you are required as a US citizen to file taxes and report any income earned world wide as well as all accounts you control regardless of where you lived or traveled. i would assume that is common to most countries. you can lie about it... but that would be insanely stupid and irresponsible.

if anyone thinks that is a joke and you are thinking "oh... i'll just say...blah blah blah" then you are clueless as to how banks work today, how hard banks have came down on tax fraud/tax evasion and money laundering, what information is shared between countries and what information various "offshore havens" share with the IRS.
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