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Xplode wrote:Now got a call from a friend on her way to the Piarco International she purchased some copy dvd movies for her trip to watch in the night in her hotel ,Captain Phillips and Lone Survivor.When she reach Miami was chosen for secondary inspection and they saw the movie with full picture case,she was told by the CBP that its a crime to have this in her possession and piracy is a crime in the States,they hold her more than 5 hours asking her questions and nearly put back on a plane to Trinidad ,they saw that she now got her 10 years visa and new traveling to the US.
They warned her and made her destroy the discs in front the officers .They also told her if she was charged for piracy and deported back to Trinidad her visa would of been ban for 5 years.
S_2NR wrote:And here I thought Miami was the last of it...
AllTrac wrote:man trying to pull ah unders pips about his green card on 2nr yes
Is this 1992?
AllTrac wrote:i happen to give a fcuk bro, i really do.
S_2NR wrote:But anybody ask yu all that?
the Foreign Account Tax Compliance Act, or FATCA. Its stated aim is to crack down on moneybags “tax evaders.” One of its key provisions went into effect July 1, 2014.
Since one week ago, FATCA presents you a stark choice if you hold more than $50,000 in “foreign financial assets”: You can bank at a foreign bank that coughs up information about account balances, deposits and withdrawals to the IRS… or else you can subject yourself to a 30% withholding tax on the income and gross proceeds from any U.S. assets in your foreign account. Should any of this violate local laws, the bank is required to close your account.
Alas, that’s not all FATCA does. Effective with tax year 2011, the law beefed up the reporting requirements if you hold “bank, brokerage or ‘other’” accounts with a total balance of $10,000 or more. You have to put it on your Form 1040 Schedule B for the IRS, and you have to submit a Form TD F 90-22.1, otherwise known as a Foreign Bank Account Report, or FBAR, to the U.S. Treasury.
If your foreign assets total $50,000 or more, the reporting requirements are stiffer. You must report ownership of any non-U.S. securities, any non-U.S. financial instrument or contract held for investment from a foreign issuer (think life insurance or an annuity) and any ownership stake in a foreign entity.
If you want to park some of your assets overseas where you’re insulated from a sinking U.S. dollar and shaky U.S. banks but you can’t afford an army of lawyers and accountants, you have three choices.
#1 A small bank account. You can still keep a foreign bank account, (assuming you can find a foreign bank that will take your money), and as long as your total “foreign financial assets” are $10,000 or less, it’s not reportable
#2 Foreign real estate. This does not qualify as a “foreign financial asset.” There are no tax or reporting rules other than those that apply to your ownership of property stateside.
#3 Gold. If you keep it in a safe-deposit box in an overseas bank, this too does not qualify as a “foreign financial asset.”
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