So now that there's another "bubble" at full speed, I'm reaching a point where crossing $100 will mean that me as well as others are making some serious money (I'll leave up to you to define what serious money is)
My concern now is, what if i want to sell and withdraw the money to my US Bank Account.
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I transfer small amounts ($1000 at a time ever week or so..)
Any accountants in the forum to help me do the laundry?
My concern now is, what if i want to sell and withdraw the money to my US Bank Account.
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I transfer small amounts ($1000 at a time ever week or so..)
Any accountants in the forum to help me do the laundry?
Make sure you are moving LESS than $10k per month is the most important (There is a daily limit as well but can't recall what that is, so I'd double check that... I think it's $3K per day but don't quote me on that.....), after that if you need to move more (and I kind of would recommend this at the $5k+ mark anyway) start buying goods/services directly, great opportunity to start using pre-paid credit cards, gift cards, etc. as these will remain untracked, just make sure you deal with reputable vendors not ones fencing stolen cards otherwise you still may find your way to the wrong side of the law but in a worse kind of way!