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0 pointstoss15y ago0 comments

depends on the nature of the transaction & the parties - 'transfer/transaction taxes aren't the only issue

Sales or gift taxes could apply. So could import /export taxes depending on the endpoints. Could it appear as income/gains to one party or another? etc...

of course it can often be structured to avoid such taxes, but it requires forethought.

I wouldn't even think of making a $multi-million move without first consulting a very high end attorney in the appropriate field.

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sukilot5y ago

$Million is pretty simple. That's an everyday real estate purchase is a major US city. Tens to hundreds of millions is different. But even tens could be handled by any attorney in the field. That's estate planning level.

toss1OP5y ago

As long as you have clean money with an obvious & documented provenance (i.e., how it was earned), and an obvious above-board purpose such as buying a house, sure, transferring a few million is likely to be straightforward.

But that is off-topic - the topic is anonymous transfer for unspecified reasons.

Even transferring between two accounts of different businesses you own can generate SARs (Suspicious Activity Reports) at $5K level. Even multiple deposits of a few $thousand in cash will draw attention & be subject to confiscation if you don't have a solid & documented explanation, such as running a big & legitimate cash business.

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sukilot5y ago

toss1OP5y ago

But that is off-topic - the topic is anonymous transfer for unspecified reasons.

j / k navigate · click thread line to collapse