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  • #16
    https://www.natlawreview.com/article...e-requirements

    Report Foreign Accounts. If you have an interest in any foreign bank, securities, or other financial accounts, pay attention. Even a signature power is enough, although it is not your money. For all of these, you must file an annual FBAR if the aggregate value of the accounts at any point in the calendar year exceeds $10,000. Penalties are huge.FBAR penalties can swallow entire accounts (yes, 100%), and criminal penalties can include up to 10 years in prison. The indictment says that Manafort and Gates told their tax professionals they did not have foreign accounts. The indictment says both men willfully failed to file the forms.: https://www.forbes.com/sites/robertw...rt-indictment/https://www.washingtonexaminer.com/p...gh-end-vendors
    Keep your friends close and your enemies closer

    Comment


    • #17
      The above is all fine well & good but the locus of the issue is "taxable interest" which moi reckons to be a minuscule amount for any of us expats living here in LOS with the required amount in a Thai bank for the retirement extension. That taxable interest is automatically deducted from one's account in any case.
      Last edited by Boon Mee; 08-12-2018, 06:51 AM.
      God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

      Comment


      • #18
        Originally posted by Boon Mee View Post
        The above is all fine well & good but the locus of the issue is "taxable interest" which moi reckons to be a minuscule amount for any of us expats living here in LOS with the required amount in a Thai bank for the retirement extension. That taxable interest is automatically deducted from one's account in any case.
        Keep your friends close and your enemies closer

        Comment


        • #19
          You must be a really special person then as it's been a common feature of tax law here in LOS before Nixon was President.
          Tax is taken out at every 3 month intervals. That's a fact, Jack

          Off topic:

          Any further prognostications on whether or not your BFF - Satan's Prom Queen with be indited?
          Last edited by Boon Mee; 08-12-2018, 11:40 AM.
          God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

          Comment


          • #20
            Originally posted by Boon Mee View Post
            You must be a really special person.....
            No doubt.

            Originally posted by Boon Mee View Post
            You must be a really special person then as it's been a common feature of tax law here in LOS before Nixon was President.
            Tax is taken out at every 3 month intervals. That's a fact, Jack
            Keep your friends close and your enemies closer

            Comment


            • #21
              You are spouting complete BS, Landreth.

              No Thai name on my bank account bud - remember, it's gotta be in your own name to qualify for the retirement extension.

              Jesus wept...
              God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

              Comment


              • #22
                Originally posted by Boon Mee View Post
                You are spouting complete BS, Landreth.

                No Thai name on my bank account ......
                Originally posted by S Landreth View Post
                Curious. Does your Thai spouse give you an allowance?
                Keep your friends close and your enemies closer

                Comment


                • #23


                  You and bstupid over on that Pedo forum have a lot in common, dude...
                  Last edited by Boon Mee; 08-12-2018, 04:24 PM.
                  God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

                  Comment


                  • #24
                    Originally posted by Boon Mee View Post
                    No Thai name on my bank account.........
                    Originally posted by S Landreth View Post
                    Curious. Does your Thai spouse give you an allowance?
                    Keep your friends close and your enemies closer

                    Comment


                    • #25
                      Just proved my point there troll - tax withdrawals are made regularly every three months.



                      p.s. I'd do a screen shot of my bank book(s) but it would just further infuriate you with jealousy!
                      Last edited by Boon Mee; 08-13-2018, 05:44 AM.
                      God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

                      Comment


                      • #26
                        Originally posted by Boon Mee View Post
                        Just proved my point there troll - tax withdrawals are made regularly every three months.
                        sure

                        Originally posted by Boon Mee View Post
                        p.s. I'd do a screen shot of my bank book(s) but it would just further infuriate you with jealousy!
                        "my" sure

                        the question remains......

                        Curious. Does your Thai spouse give you an allowance?
                        Keep your friends close and your enemies closer

                        Comment


                        • #27
                          Cooperation with the ongoing investigation may mean a lesser sentence for Manafort depending on whether the government believes he "provided substantial assistance in investigating or prosecuting another person."

                          Before the trial, the government had estimated that Manafort would be sentenced to eight to 10 years in prison, based solely on the tax fraud charges in Virginia.: https://www.cbsnews.com/news/paul-ma...n-in-february/three of four counts of failing to declare foreign bank accountsU.S. citizens with more than $10,000 in overseas accounts during a given year are required to submit a form called a foreign bank account report, or FBARhttps://www.reuters.com/article/us-u...-idUSKCN1L823X
                          Keep your friends close and your enemies closer

                          Comment


                          • #28
                            Some changes. Paul Manafort Broke Plea Deal By Lying To Investigators In Russia Probe

                            Manafort will now be sentenced to the full extent of the law (what the judge deems fit) in relation to all of his guilty pleas. A few related to this thread are below.....

                            • Failing to file foreign bank account reports

                            Number of counts: 4
                            Maximum prison sentence per count: 5 years

                            From 2011 to 2014, Manafort allegedly failed to file foreign bank account reports, known as FBARs, with the Treasury Department to disclose his control over his overseas accounts.

                            There are also some fines/penalties associated with the above guilty pleas.

                            Manafort pled guilty to all 4 counts: https://www.cnbc.com/2018/08/15/what...fort-face.html - https://www.huffingtonpost.com/entry...b0eb6d9312fe84

                            And by the way a pardon will not set Manfort free from any of the list of charges: https://www.nbcnews.com/think/opinio...ion-ncna882006
                            Keep your friends close and your enemies closer

                            Comment


                            • #29
                              Gosh I wish Hillary had won. There would be war in Iran by now if she had and probably North Korea as well. Amazing fun for all and lots of money as well.

                              Comment


                              • #30
                                Originally posted by S Landreth View Post
                                FBAR penalties can swallow entire accounts (yes, 100%), and criminal penalties can include up to 10 years in prison.: https://www.forbes.com/sites/robertw...rt-indictment/


                                Berman Jackson then ordered the government to file a supplemental pleading with facts and evidence to backup its claims by Jan. 14.

                                The parties agreed to schedule a tentative hearing on Jan. 25 at 9:30 a.m. in case they need to dispute any of the allegations.

                                Berman Jackson initially tried to schedule that hearing for Feb. 8, but the parties noted that is when Manafort is scheduled to be sentenced in the U.S. District Court for the Northern District of Virginia, where he was convicted of eight counts of bank and tax fraud in August.

                                Last week, Berman Jackson scheduled March 5 as a tentative date to sentence Manafort to the two felonies he pleaded guilty to in the D.C. case as part of the plea agreement he signed to avoid a second criminal trial.: https://thehill.com/regulation/court...ied-to-mueller
                                Keep your friends close and your enemies closer

                                Comment

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