View Single Post
  #23  
Old 06-22-2007, 09:14 AM
jaydub jaydub is offline
Senior Member
 
Join Date: Dec 2004
Posts: 2,055
Default Re: WSOP Windfall... What am I to do?

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I don't think you actually know anything about US Tax laws and how living outside of the USA affects anyone's tax liability. I haven't read the rest of this thread yet but I sure hope someone set this straight.

[/ QUOTE ]

I must admit I am not a US citizen but a Canadian one and so my opinons are colored by our laws, however tax structuring through IBC's is an entire industry originally designed for US citizens and US expatriates. There are some good resources, such as escapeartist.com that can give much more clarity then I can. However since he is not interested anyway its a non-issue.

[/ QUOTE ]

I'll set you straight. Everything you stated is 100% wrong for the USA. Don't give this advice to anyone in the future.

[/ QUOTE ]

Haven't considered it myself but isn't there this tiny, little detail omitted of having to permanently give up one's citizenship?

J
Reply With Quote