Offshore Retirement Accounts and Tax Haven Scams That Will Earn You an IRS AUDIT! PT4
The IRS requires individuals and third parties to report foreign assets, accounts, entities, and digital assets. Malta, which imposes a corporate tax rate of 35% for local companies and zero to six percent for outside entities, is identified as a tax haven. Unusual tax benefits have also drawn the attention of the IRS to Maltese pensions, such as a case involving a 49-year-old US resident who avoided taxes on large withdrawals of excess funds by contributing highly appreciated assets to a Maltese pension and making lump sum payments after turning 50. Other offshore tax havens to watch include Bermuda, the British Virgin Islands, the Cayman Islands, the Channel Islands, Ireland, the Isle of Man, Luxembourg, Mauritius, Monaco, the Netherlands, Singapore, and Switzerland.
Thanks for watching! Please Like, Comment, or Subscribe for more videos!
This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
www.reddit.com/r/IRS
www.JohnRDundon
-
4:18
IRS News and Disputes
1 year agoOffshore Retirement Accounts and Tax Haven Scams That Will Earn You an IRS AUDIT!
24 -
4:49
IRS News and Disputes
1 year agoWhat Most People Don't Know When They Are Audited by the IRS! ASMR Chocolate DREAM!
32 -
3:22
GetPayroll
4 months agoBusinesses SCAMMED by Phony ERC Promoters! IRS HAS to Intervene!
16 -
3:11
Optima Tax | The Tax Show For People Who Owe
4 months agoAre You At Risk of IRS Audits and Collections?
1 -
2:10
Renard
7 months agoIRS is FRAUD
6.96K7 -
17:00
Small Business Tax Savings Podcast
1 year agoHow Do I Avoid an IRS Audit as a Business Owner?
2 -
16:10
staycuriousANDkeepsmilin
1 year agoFormer IRS Agent explains why income tax is voluntarily and if enforced is technically illegal.
49 -
29:16
fairtaxguys
1 year ago#344 More Fraud and Abuse at the IRS
5 -
2:06
RealityBytes
6 months agoTaxation is THEFT and IRS is a FRAUD - Here's the Evidence!
84 -
2:06
BaggyPants
6 months agoIRS AGENCY IS FRAUD AND ALL OTHER AGENCIES WORLDWIDE
174