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Search: Posts Made By: VinceVirgil
Forum: Off-Topic November 23rd, 2011, 01:06 PM
Replies: 338
Views: 77,803
Posted By VinceVirgil
Hey Big Mike Now something I really know...

Hey Big Mike

Now something I really know about.

My mother in law is naturalized US citizen, and lived a significant potion of her life in the US. She collects her full SS, despite the fact...
Forum: Off-Topic October 6th, 2011, 03:48 PM
Replies: 338
Views: 77,803
Posted By VinceVirgil
A penalty for failing to file Form 5471,...

A penalty for failing to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. Certain United States persons who are officers, directors or shareholders in...
Forum: Off-Topic October 6th, 2011, 10:23 AM
Replies: 338
Views: 77,803
Posted By VinceVirgil
Just a note on who has to file US Tax...

Just a note on who has to file US Tax return...All US citizens. Anywhere in the world.

My wife is a US citizen, but has not lived in the US since the age of 14. According to US Tax Law, she must...
Forum: Off-Topic October 4th, 2011, 08:04 PM
Replies: 338
Views: 77,803
Posted By VinceVirgil
Dont know about US law. Only Canada. But the...

Dont know about US law. Only Canada. But the Bahamas does not have a reciprocal tax agreement with Canada. Same is true with Grand Cayman. However, Canadians are required to report all the income...
Forum: Off-Topic October 4th, 2011, 07:00 PM
Replies: 338
Views: 77,803
Posted By VinceVirgil
Yes...the LLC. Cost is around 2500 to have the...

Yes...the LLC. Cost is around 2500 to have the legals setup and corporate documents drawn up in the Bahamas. Added bonus of no corporate or personal income taxes. One does not have to reduce the...
Forum: Off-Topic October 4th, 2011, 06:48 PM
Replies: 338
Views: 77,803
Posted By VinceVirgil
Best Place my choices

Grand Cayman...Privacy of banking laws, no personal income taxes. And no reciprical tax agreement with any foreign government...same with Bahamas.


As far as having to declare income as a US...
Showing results 1 to 6 of 6

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