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Old 11-27-2005, 07:28 PM
Baulucky Baulucky is offline
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Join Date: Dec 2003
Location: MARS
Posts: 194
Default Re: Getting a large amount of money online \"out\"? (taxes)

The answer to this question costs ~5%-15% of the amount involved.

It's a bad idea to buy a house in the US with undeclared money, but there are legal ways around it once you have the money off the country. There is always some paper trail that leads to you if you use the money in the US to buy big ticket items.

The "illegal" is in not declaring to the IRS and paying your taxes. It's not a misdemeanor either, but a federal felony with prison time. Asking questions like this adds the "conspiracy count" to your crime. If you do it more than once, you become a target of the RICO act. Think before you do something stupid.

If you are tired of US taxes, become a citizen of another country and avoid the taxes legally.
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