...like if you sell a property abroad.
2007-03-26 17:17:02 · 5 answers · asked by galactic129 1 in Business & Finance ➔ Personal Finance
the laws are different for u.s. citizens then for foreigners. i have no idea what the who's and why's about it. check with your bank, they will know and be happy to help.
money coming into the country is definitely not as bad as
taking it out. myself, i might leave it in a bank out of the country. you just might get a lot better interest rate. the money might be penalized to take it out of the country too.
one thing is for sure, the IRS wants you to pay tax on any money you get from out of the country. good luck.
2007-03-26 17:26:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The safest way (and the most likely to get it there) is to set up a bank account in whichever country you're doing business, and transfer the amount to a US bank account via wire transfer.
2007-03-27 00:21:16 · answer #2 · answered by Peggy K 5 · 0⤊ 0⤋
Have the buyer make a bank wire transfer to your bank account.
2007-03-27 00:21:32 · answer #3 · answered by Latigo 3 · 0⤊ 0⤋
yes you have to set up a Bank account in the USA its better that waythen you just have to transfer it good luck
2007-03-27 03:14:28 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋
wire transfer is the best...and ensure you declare it in your tax returns..
chris
www.forexaim.com
2007-03-27 04:40:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋