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Old 10-13-2005, 12:52 AM
partygirluk partygirluk is offline
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Join Date: Nov 2004
Location: Pwning Broken Glass Can
Posts: 2,279
Default Re: Taxes situation, complicated.

OK. So say I make $100K in a year. I withdraw $20K of that to my U.S account to pay for living expenses. I transfer the $80K to an offshore account. They will tax me on the 20K, but not the 80, right? And lets say I do this for 3 years, and have 240 in my account (ignoring interest). I then want to buy a house and want to spend that 240k on it. How can I do so without the IRS finding out that I should have been paying tax on that 240K?
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