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OfflineDreeker
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100,000 Into Bank Acct?
    #5721582 - 06/07/06 01:00 AM (17 years, 11 months ago)

If someone was to put 100,000 dollars into a bank account that is in the US from a bank in say Russia, are there any ways to avoid taxation?

I know that the person can just not declare it, but is that a heavy risk, meaning will this money be reported by the bank if it is a direct routing deposit? Are there any kind of expenses he could label it as to avoid taxation, and what is the amount of tax he is looking at if he chooses to go by the books?

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InvisibleLana
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Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
Re: 100,000 Into Bank Acct? [Re: Dreeker]
    #5722070 - 06/07/06 06:27 AM (17 years, 11 months ago)

It would definitely be reported.

If you pay the taxes on it, you won't be convicted of tax evasion. 

All the government wants is their cut of the pie.

Its difficult to catch many large money launderers becuase they pay their taxes.  Intead of paying off some mafia/drug kingpin, you're paying off they same kind of people.. the gov't :smile: 

100k from Russia, a red flag will go up immediately.

Good luck.
Lana

PS, as far as the amount of taxes you'll pay will depend on the type of business transaction you declare.  For example, if it was a short term investment you''ll pay a capital gains tax of around 28%.  If your grandmother died and she left you the money, it would be an inheritance tax.

There are more viable ways to bring large amounts of money into the US, put that info will cost ya :smile:  LOL

Good Luck,
Lana


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Edited by Lana (06/07/06 06:30 AM)

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InvisibleautomanM
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Re: 100,000 Into Bank Acct? [Re: Dreeker]
    #5722407 - 06/07/06 10:38 AM (17 years, 11 months ago)

Why bring that kind of money into the US?

If you are moving that kind of money nationally, you might think about creating an IBC in a country like panama or belize (as long as you dont plan on investing in those countries. they will issue you a debit card you can easily use as an employee of the ibc.


--------------------
No, no, you're not thinking, you're just being logical. ~ Niels Bohr

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OfflineDoctorJ
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Registered: 06/30/03
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Re: 100,000 Into Bank Acct? [Re: Dreeker]
    #5722846 - 06/07/06 01:23 PM (17 years, 11 months ago)

convert the cash into gold bars

transport to us

make up story

eg: "My great uncle Zanzabar from the backwoods of Siberia left me this gold. He made it with alchemy."

pay inheritance tax

enjoy

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OfflineDreeker
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Re: 100,000 Into Bank Acct? [Re: DoctorJ]
    #5723128 - 06/07/06 03:03 PM (17 years, 11 months ago)

whats % of inheritance tax?

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OfflineOrizonsHorizon
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Re: 100,000 Into Bank Acct? [Re: DoctorJ]
    #5723678 - 06/07/06 05:23 PM (17 years, 11 months ago)

Quote:

DoctorJ said:
convert the cash into gold bars

transport to us

make up story

eg: "My great uncle Zanzabar from the backwoods of Siberia left me this gold. He made it with alchemy."

pay inheritance tax

enjoy





Inheritance tax isnt that much greater than what you'd be paying with typical income taxes. If you want to legitametely bring that kind of money into the States, it's gonna need to be washed someway. You can sqeeze by with paying the least amoubt of taxes with a front/filter business and slowly deposit into a few accounts. IM sure you wouldnt have a hard time spending 20% of it as penny cash purcahses.

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Offlinemikeownow
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Registered: 09/01/05
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Re: 100,000 Into Bank Acct? [Re: OrizonsHorizon]
    #5725385 - 06/08/06 12:46 AM (17 years, 11 months ago)

What if you never worked a lot and you sold a bunch of drugs and had 100k? Now putting that in the bank is like hello they will be comeing for you, but if you keep it in your safe.... And deside I want a new car. And buy a 40,000 dollar car, could that get you cought?


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No statements made in any post or message by myself should be construed to mean that I am now, or have ever been, participating in or considering participation in any activities in violation of any local, state, or federal laws. All posts are works of fiction.

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Offlinecyberthreat
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Registered: 03/06/05
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Re: 100,000 Into Bank Acct? [Re: mikeownow]
    #5726150 - 06/08/06 09:50 AM (17 years, 11 months ago)

if you walk into to a car dealer and drop 40,000 on the table expect to be in jail and short of forty grand

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OfflineOrizonsHorizon
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Re: 100,000 Into Bank Acct? [Re: mikeownow]
    #5726806 - 06/08/06 01:55 PM (17 years, 11 months ago)

Quote:

mikeownow said:
What if you never worked a lot and you sold a bunch of drugs and had 100k? Now putting that in the bank is like hello they will be comeing for you, but if you keep it in your safe.... And deside I want a new car. And buy a 40,000 dollar car, could that get you cought?




Avoiding banks woulndt be a problem if you could just drop cold clean cash for things like cars and property----it doesnt work like that though. The biggest shit you'll be able to get with straight bills is stuff from Circuit city and stuff----Plasma TV's computers, Stereo equipment etc...And even they will get suspicious if you try to drop <4k in cash for a single purchase.

The process of cleaning money can end up taking a good bite outta your initial pot but believe me when I say its alot better to have legitimate finances earning interest in CD's---money markets---real estate then always paronoid about somebody flipping over your matrest. I earn an average of 5% compounded monthly with all my non-risk investments. Even if you spend 20% cleaning a 100k---that 20,000 would be earned bak in about 4 1/2 years.

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Offlinewiggles
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Re: 100,000 Into Bank Acct? [Re: OrizonsHorizon]
    #5726850 - 06/08/06 02:04 PM (17 years, 11 months ago)

It all depends on how legal or illegal you choose to make things. Your best option is to just leave the money in the bank offshore, and then wire xfer money over as needed. That way you never have to move that much money at once, and you never have to store the money anywhere where you'll get taxed on it.


--------------------


You can turn your back on a person, but never turn your back on a drug, especially when its waving a razor sharp hunting knife in your eye.
Hunter S. Thompson

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OfflineDreeker
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Re: 100,000 Into Bank Acct? [Re: wiggles]
    #5727524 - 06/08/06 04:36 PM (17 years, 11 months ago)

Well, the question is because his relative is giving the money to him, but obvisouly he does not want to lose 30,000 of it?

You think it would be acceptable to trade bonds over? or say 10,000 in cash and then 10-15k every year through a direct deposit?

Also, where could he find out information on overseas bank accounts, he does not really trust the russian banks, but im sure he would be glad to put his money into say a dutch bank (of which he has an account?)

Would that be more acceptable, say putting 80,000 euros into a dutch bank, or same no-no?

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OfflineDreeker
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Re: 100,000 Into Bank Acct? [Re: Dreeker]
    #5727527 - 06/08/06 04:38 PM (17 years, 11 months ago)

also how much money wire per year is acceptable?
how many thousand?

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InvisibleautomanM
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Re: 100,000 Into Bank Acct? [Re: Dreeker]
    #5727551 - 06/08/06 04:43 PM (17 years, 11 months ago)

go to escapeartist.com and search for a panamanian ibc lawyer


--------------------
No, no, you're not thinking, you're just being logical. ~ Niels Bohr

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