Comment on How can a US citizen invest outside the reach of the federal government?

• Varyk@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

  then all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.

  source

  • ccunning@lemmy.world ⁨1⁩ ⁨week⁩ ago

    How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?

    Not following your train of thought

    source

    • gibmiser@lemmy.world ⁨1⁩ ⁨week⁩ ago

      I assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that

      source

      • ccunning@lemmy.world ⁨1⁩ ⁨week⁩ ago

        ⭐️

        source
    • Varyk@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

      Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts.

      you said you don’t want to avoid paying taxes.

      If you pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.

      source

      • ccunning@lemmy.world ⁨1⁩ ⁨week⁩ ago

        I don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.

        source

        • -> View More Comments