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#1
03-21-2008, 01:34 AM
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Returning of lending money-------------------------------------------------------------------------------- I lended a large amount of money (about $400k) to a oversea realtive a few years ago. Now he is ready to return the money back to me. My question is how do I avoid paying tax on the money he will return? Thanks |
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#2
03-21-2008, 10:01 AM
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| THIS FORUM IS FOR QUESTIONS ABOUT U.S. LAW ONLY Gee... for $400,000, don't you think you could afford a personal visit to a good local tax attorney or CPA??
__________________ There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution). Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport! |
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#3
03-21-2008, 10:03 AM
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| I hope that he reported the transfer outside of the country for the amount above 10K.
__________________ If you don't like something, change it. If you can't change it, change your attitude. Don't complain. Maya Angelou |
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