Is the UNITED STATES a corporation?
I have heard off and on from different people that this is indeed the case. From capital letters, to drivers licenses, birth certificate, Civil War reason, Original debt to European Bankers after Independence, JFK I mean is is possible, I look around at all the things that keep us in check, especially DEBT and the USA makes money from our debt and goes overseas to fight for the ELITE in and out of our country. Is the USA a corporation and we simply just being cajoled and hoodwinked slave system? Is this why the Sovereign Movement is such a threat?
How do taxes work when you live abroad?
If you move back to the Dominican Republic, you’ll probably want to open a bank account. You’ll have to tell them you’re a US citizen. This then triggers the bank to contact the US to check up on you, and your new acccount will be put on hold for up to 10 days while they do this. Fuuuuun. The United States has basically told foreign banks if they fail to do this for US customers in their country who want to bank with them, the US will seize any assets of the bank that are in the US. (This is why some banks refuse to deal with Americans overseas.) The bank is then required to report yearly on the accounts of Americans. All of this is designed to catch money launderers, at a massive inconvenience to the average expat.You’re required to file US income taxes while living abroad. Generally, if you’re making I believe less than US$75,000 a year, you won’t have to actually pay this tax. If you make more, than you need to pay. Lots of countries have bilateral tax agreements with the US so you really only have to pay income tax in one, while the other gets refunded. Some countries have a situation where you pay one or the other, even though you have to file in both. It may work out in some places that your US tax obligations are lower, so you pay those and then your local tax filings work out so you don’t owe after claiming the US tax obligation.Generally, if you’re making more than US$20,000 a year, it is worth hiring a local tax specialist who deals with American expats to assist you in filing in both places to minimize your tax obligations.
I wanna know something about smoking?
Could be you have an underlying medical problem you don't know about. However, every puff of a cigarette you take causes your blood vessels to constrict, thereby decreasing blood flow to you major organs, heart, brain, etc. I could go on and on about the effects of smoking on your body, but they are so numerous. Go to americancancersociethy.org or webmd.com and you can find all your answers. Then go to a Dr. to make sure you don't have a heart problem. One thing I do know for sure though, cigarette smoking WILL kill you. Cancer is not the only way.
Do I need to obtain a W-9 from an international (non-US) based company if I am making over $600 in payments to them over the course of a year?
No you do not….and they will probably laugh at you like they laughed at me because W-9s and such documentation reflect U.S. employment and tax laws, and the foreign company you are working for is unlikely to feel compelled to be bound to U.S. laws and its documentation requirements. As it is relevant to this discussion I will mention that I have had foreign earned income for 20 of the past 24 years, none of which was documented with a W-9, or anything else U.S. tax-like from the foreign employer for that matter.You may have to declare you made the income depending on your citizenship and U.S. Residence status. However here is the complication: A tax preparer who cannot verify your sources of income may not accept your personal declaration of income. In essence, you might have to prove you made this money through honest foreign employment. Why would someone “fake” that they made foreign money? Lots and lots of reasons, but that’s not your question (smile). If you cannot prove you made the money lawfully, and you cannot convince your tax accountant of this, you might not be able to get your income included in your tax return.What’s the problem? Try making $250,000 a year, take all of the IRS foreign income credit exclusions ( $175,000 worth) and then have a U.S. bank say you can’t qualify for a U.S. mortgage because your tax returns do not show sufficient income. Gasp!FYI - after 7 years of being an expat with significant foreign earned income and no U.S. accountant willing to do my returns for a reasonable price (under $3K), I decided to learn all the regulations myself. Its been enormously helpful since I did (where helpful means, paying federal taxes in the single digits because of the massive number of allowances) and the options for structuring one’s foreign compensation such that many of the added costs are treated as tax-free.Good luck.Peter, a 20+ years, 59 country former expat.
What are the Turks and Caicos Islands?
The Turks and Caicos islands are two sets of island groups: the Turks Islands and the Caicos Islands. The islands are affected by average temperatures of 24-29 degrees Celsius. They cover approximately 1000km of land in the Caribbean, and are renowned for being the location of stunning beaches and its capital, Providenciales.The territory is not an independent nation or state. While the Turks and Caicos receives responsibility for all domestic affairs, tax collection and immigration included, the United Kingdom of Great Britain and Northern Ireland is responsible for all other affairs. The country is represented by a colonial Governor, appointed by the Queen of the UK, and acting on the advice of the British Government. The British government has complete and exclusive control over defence; foreign affairs; judiciary and the power of pardon; the monarch's succession and the management of finance.In 2009, the islands were the centre of controversy - the Premier, elected by the people in a system of good democracy, acted in a corrupt manner. The Governor acted on behalf of the British Government and ended all self-government. After this, and until 2012, the territory was governed in all senses from Westminster. This was due to corruption in the self-government of the islands. Though this process has now ended, the United Kingdom retains all rights to govern the islands directly from Westminster at any time. The islands now enjoy good autonomy, with the exception of the responsibilities the United Kingdom retains. The Turks and Caicos are also a tax haven. They do not pay any income tax whatsoever, but instead have to pay for inflated goods in supermarkets. Therefore, many companies are based in the islands - much to the angriness of the poor local residents.The islands are well-connected to the United States and the United Kingdom by transport links. Please do visit - it's amazing!