GoFuckYourself.com - Adult Webmaster Forum - News The IRS Is Comina Gitcha!

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - News The IRS Is Comina Gitcha! (https://gfy.com/showthread.php?t=1144424)

Quote:

Originally Posted by Barry-xlovecam (Post 20144874)

Go bury your money in a tin can in Afghanistan ...

This law is really aimed at US businesses that find safe harbour offshore by not repatriating their earnings.

The IRS is not after you small timers unless you have millions hidden from the taxman then you are in deep doodoo ...

If you are a USA business that has equitable interest in foreign businesses you owe US taxes on the profits you take -- pretty simple. There is an exemption:

So, for most people it's not an issue -- nice talking point though ...

Except that, because of FATCA, it is becoming almost impossible for many US citizens, living outside the US, to find a bank that will let them open an account. This isn't a "talking point", and the US is the only country in the world, except for Vietnam, that forces people who are not living here to file taxes and steals assets from people who don't want to be citizens anymore. I'm not sure why you would think that it's somehow OK that the government feels entitled to do that. To me, that is a bizarre world view.

:2 cents:
.

Quote:

Originally Posted by sperbonzo (Post 20405130)

This isn't a "talking point", and the US is the only country in the world, except for Vietnam, that forces people who are not living here to file taxes and steals assets from people who don't want to be citizens anymore.

According to the tax-news site, United States and Eritrea are the only two countries that tax based on both residence and citizenship. Other countries tax worldwide income of residents, but not citizens living elsewhere. I don't think Vietnam does but I could be wrong.

Quote:

Originally Posted by RummyBoy (Post 20145017)

They've thought of this already, which is why they came up with FATMALBA

Foreign Acccount Tax Marrying A Local Bitch Abroad legislation

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh

Quote:

Originally Posted by Robbie (Post 20144901)

As I understand it...the Federal Govt. in the U.S. has found an answer for that too. :(

It's called the "Exit Tax".

The U.S. govt. is totally and completely out of control. No longer serving the people. But RULING over them.

actually I read in the IRS tax codes that even giving up citizenship can not stop them from collecting for the following 25 years.

Quote:

Originally Posted by Paul&John (Post 20405195)

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh:1orglaugh

You may laugh but they covered it the other way around. If you marry an American, you now have to report to the IRS:

https://gfy.com/fucking-around-and-pr...eport-irs.html

I feel fine with 6% tax here in Russia. So fuck IRS :Graucho

Quote:

Originally Posted by Amputate Your Head (Post 20145858)

Taxes are the least of your worries.
The whole diseased system is collapsing. Just a matter of time before cash isn't worth burning for heat in your plywood shanty between sessions of waiting in the bread line.

Oh, Amp. It's really cool to see you here! How are you, man?

Quote:

Originally Posted by RandyRandy (Post 20144607)

That's why people are renouncing US citizenship in record numbers.

I use one bank in Singapore, to cash checks and move money around. I keep the balance around US$5,000. The rest is cash - and you gotta love those SG$10,000 bills = to US$8,000. Makes it so easy to move and store cash. Prepaid debit cards for any US transactions I need - which are getting smaller and smaller.

Of course, living in Malaysia makes this easy.

But anyone who needs to hide serious cash from the IRS should have the wherewithal to not use banks for large amounts. I mean, why? Security? Ever since Cyprus, I know how secure bank accounts are. Interest? Do banks even give interest anymore? Hell, the European Central Bank now offers NEGATIVE INTEREST RATES!!! Yep, they CHARGE you for deposits.

Fuck the banks and fuck the IRS.

:2 cents::2 cents::thumbsup:2 cents: iRS can suck it.

50 IRS agents at your door.

Quote:

Originally Posted by CyberSEO (Post 20405228)

Oh, Amp. It's really cool to see you here! How are you, man?

Check the dates.

Quote:

Originally Posted by CDSmith (Post 20415735)

Check the dates.

Sure but he came back to say something quite prescient.....

The IRS is Comina Gitcha! The IRS is Comina Gitcha!