Comment on How can a US citizen invest outside the reach of the federal government?
Varyk@sh.itjust.works 2 days agooh, so what did you mean by “outside the reach of the government”, just foreign investment opportunities?
Comment on How can a US citizen invest outside the reach of the federal government?
Varyk@sh.itjust.works 2 days agooh, so what did you mean by “outside the reach of the government”, just foreign investment opportunities?
ccunning@lemmy.world 2 days ago
Seizing/freezing.
Varyk@sh.itjust.works 2 days ago
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.
ccunning@lemmy.world 2 days ago
How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?
Not following your train of thought
gibmiser@lemmy.world 2 days ago
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
Varyk@sh.itjust.works 2 days ago
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 pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.