Let's say I wired $300k to a company account (not mine) in Hong Kong last year. And let's say that $300k gets wired back to my personal account in the US next year.
Does either wire transfer raise a flag/SAR or get automatically reported to the IRS?
Does it carry a tax reporting requirement on my next filing?
Thank you.
CTR will be filed but make sure you have docs as to where money came from if IRS asks
>>1036152
docs as in "invoices"?
What is SAR in this case?
When I see SAR, I think "special administration region", especially when talking about HK.
Did you invest in a company in HK?
>>1036497
Suspicious Activity Report
I didn't invest my money, I lent it. I have an invoice showing that I bought inventory for that amount and I can have another one showing I sold it back when I need to wire the funds back to the US.
>>1036524
Thanks
Setup 1 company in america, or have a friend in the inside, but some shit off him like a car then refund it.
Or transfer money to paypal and then transfer it back? I'm not sure how that works.
There's money exchange places that you could change money over and then change it back, but I'd assume there would be a law or some type of shit preventing all of what I said.
>>1036127
Bitcoin.
There, I fixed it.
>>1036569
No easy way to buy btc without giving a ton of personal info
>>1036578
Send me the moneys and I will send you the bitcoins. Totally scamproof
But still, what stops you from giving out those details to for instance bitcoin dot nazi? Just make sure to route them through some accounts before they get back.
>>1036578
he already bought 6k bitcoins when they came out , and sold it to some guy in hk . but you still gotta pay taxes on this sale
>>1036152
CTR isn't only for cash?
