4 ms·
They probably don’t much care for you or for me, but at least some people will get audited every year, at which point they have the usual remedies: information
by patio11 8y ago
They probably don’t much care for you or for me, but at least some people will get audited every year, at which point they have the usual remedies: information sharing agreements with foreign governments and financial institutions plus “OK, show us your paperwork.”
- seanmcdirmid 8y agoI'm not really sure how an audit of an overseas taxpayer would work. Uhm...e.g. does the IRS pay for translation from Chinese or does the taxpayer? Paper work isn't even standardized, you aren't getting a W2, it will just be random stuff you collect to prove your income. And even then, the IRS still doesn't care where your money actually came from, just that it is all reported.