• ccunning@lemmy.worldOP
    11·
    2 months ago

    How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?

    Not following your train of thought

    • gibmiser@lemmy.world
      8·
      2 months ago

      I assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that

    • Varyk@sh.itjust.works
      4·
      2 months ago

      Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts.

      you said you don’t want to avoid paying taxes.

      If you report your accounts and investment income and pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.

      • ccunning@lemmy.worldOP
        21·
        2 months ago

        I don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.

        • Varyk@sh.itjust.works
          41·
          2 months ago

          i have.

          you want to be part of the US tax system while being “out of reach of the federal government”, two aims you should understand are incompatible.