Thursday, December 15, 2011

Is it hard to transfer money from USA to offshore destination?

Especially if I try to transfer amounts over 10K? I know the last several years, the restrictions are tougher when it comes to such amounts(before that it was about 30K, if I am right). And...obviously IRS won't be happy to see money going to foreign destinations for the purpose of: "tax evasion" :).


Any ideas how such transfers could be justified to the IRS?





Thanks!|||Just transfer the money in 9000 increments. After you do one then have a friend do another. You can avoid some hassle doing that.

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