Amazon Natural (AZNT) Message Board

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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: Janice Shell who wrote (8017)	10/4/1998 8:22:00 AM
From: tonto	Read Replies (1) of 26163

Actually, it isn't because of the changes made in the expatriation act, tax code,... If one properly sets up a LLC, an irrevocable trust,...it can be helpful if there is litigation in the future, but then it must be absolutely clean and done so at least two years before litigation to ensure protection from US arm. For example, while the funds may be abroad, if the court can determine a domiciled US citizen controls the funds, it can order him to return the funds to the US and can find the person in contempt of court until he does so. This action alone breaks down much of the offshore "convenience" that one read's in the back of some magazines... What is extremely important to the IRS is how it is identified on the tax return.

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