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To: AlexW

Are you required to pay the US.


61 posted on 11/25/2007 2:37:03 PM PST by Orange1998
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To: Orange1998
Per the IRS, ANY income earned anywhere in the world is to be reported and you have to pay tax on it. Even if you don't live in the US.

The key being that it has to be documented income. If they don't know about it, and there is not legal paper trail from a source to you, there's no way you can be charged with tax evasion... This is how blind trusts and foreign corporations help shelter/hide overseas income. Keep it overseas, make it untraceable, and you are effectively shielded from reporting the income and thus paying taxes.

71 posted on 11/25/2007 2:41:44 PM PST by PugetSoundSoldier (Tagline: Kinda like a chorus line but without the legs)
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