Quote:
Originally Posted by Barry-xlovecam
You guys are a riot ...
Under US law income is taxable when repatriated.
You must report to the IRS assets held outside the country over the current threshold amount.
Consult your accountant or CPA for specifics
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You are so right Barry, people think they can just get away with using a risky virtual wallet to avoid taxes. The IRS is more invasive than the FBI, they will find all your money, in the caymans, or Belize or wherever and seize it. Pay your taxes if you actually make enough. A good accountant can minimize your tax exposure greatly and still be within the law, much cheaper in the long run. Most corporations pay less than 10%, get a good CPA form a company and save your money.