@[email protected] to No Stupid [email protected] • 3 days agoHow can a US citizen invest outside the reach of the federal government?message-square76fedilinkarrow-up181
arrow-up181message-squareHow can a US citizen invest outside the reach of the federal government?@[email protected] to No Stupid [email protected] • 3 days agomessage-square76fedilink
minus-square@[email protected]linkfedilink3•edit-23 days agooh, so what did you mean by “outside the reach of the federal government” rather than tax avoidance, just foreign investment opportunities?
minus-square@[email protected]linkfedilink5•3 days agothen all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.
minus-square@[email protected]OPlinkfedilink1•3 days agoHow so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts? Not following your train of thought
minus-square@[email protected]linkfedilink8•3 days agoI assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that
minus-square@[email protected]linkfedilink4•edit-23 days agoYes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts. you said you don’t want to avoid paying taxes. If you report your accounts and investment income and pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.
minus-square@[email protected]OPlinkfedilink2•3 days agoI don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.
minus-square@[email protected]linkfedilink4•3 days agoi have. you want to be part of the US tax system while being “out of reach of the federal government”, two aims you should understand are incompatible.
oh, so what did you mean by “outside the reach of the federal government” rather than tax avoidance, just foreign investment opportunities?
Seizing/freezing.
then all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.
How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?
Not following your train of thought
I assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that
⭐️
Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts.
you said you don’t want to avoid paying taxes.
If you report your accounts and investment income and pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.
I don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.
i have.
you want to be part of the US tax system while being “out of reach of the federal government”, two aims you should understand are incompatible.
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