- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 77,000 different foreign banks in 70 countries reporting to IRS now
Posted on 6/4/14 at 7:39 pm to Stingray
Posted on 6/4/14 at 7:39 pm to Stingray
That isn't it at all. NC was trying to pull a "gotcha" on me by using word play and semantics due to me using the word "stash" instead of invest.
His point was a US person who "stashes" their money in a foreign account that is not interest bearing doesn't have any income and doesn't have to report anything.
It was stupid for 3 reasons:
1. People who put money in offshore accounts aren't going to putit in a non interest bearing (at a minimum) account 99% of the time in the first place.
2. He thought he was being cute with his lil gotcha which is annoying.
3. He is wrong anyway. Whether it is income earning or not he still fricked up his gotcha trying to act smart.
Now if you have a question or wanted me to explain why the reporting is significant, I can, but briefly as I'm signing off soon.
His point was a US person who "stashes" their money in a foreign account that is not interest bearing doesn't have any income and doesn't have to report anything.
It was stupid for 3 reasons:
1. People who put money in offshore accounts aren't going to putit in a non interest bearing (at a minimum) account 99% of the time in the first place.
2. He thought he was being cute with his lil gotcha which is annoying.
3. He is wrong anyway. Whether it is income earning or not he still fricked up his gotcha trying to act smart.
Now if you have a question or wanted me to explain why the reporting is significant, I can, but briefly as I'm signing off soon.
1
Posted on 6/4/14 at 7:44 pm to Tiger n Miami AU83
quote:No nitwit.
NC was trying to pull a "gotcha"
I was trying to get you to apply your supposed expertise toward analyzing the article. Simple as that. I was surprised you swallowed the author's quoted numbers hook, line, and sinker. That's it!
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News