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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (103124)	2/3/2008 11:15:57 AM
From: Jim McMannis	Respond to of 306849

3. Lawsuit protection.

To: Travis_Bickle who wrote (103124)	2/3/2008 11:36:16 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

thanks I will read up on this offshore stuff. I genuinely think most people who do what I mentioned (take ISOs to bermuda and cash out in an account there)- think they don't have to pay taxes on that sale, that it is under a bermuda jurisdiction or something. Of course if you go to Bermuda you don't need to give them a social security number so how would anybody track this? The wierd thing is a lot of hedge fund managers do offshore accounts and they are going to have to be accountable to the IRS to keep their certification.... hmm.