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Sprite,
I would agree with you in part, and disagree in part. I am a federal employee with the Department of Justice (two more years to retire.) Once we bought our home in CR, I spent hours upon hours researching everything I could find about CR taxes and U.S. taxes, I consider this a personal responsibility. Federal agency budgets have been cut to 2009 levels. The IRS has reduced the number of its investigative agents. Tax audits have been reduced, for earners under $150,000. There is currently a federal hiring freeze. Federal salaries have been frozen for two years, possibly five; if proposed legislation is passed. The truth being told, because of the two year salary freeze and the proposed five year salary freeze, most federal employees, including the IRS, could care less about doing their jobs. The IRS knows less about the tax code than you do, the head of the IRS has his accountant do his taxes; because the code is too complex for even him.Having worked with sophisticated investors on Wall Street since 1986 and offshore investments since 1996 – but not with US citizens/residents – I would strongly encourage all US citizens to “assume” that the IRS knows everything you do in Costa Rica or anywhere else “offshore.”
Not sure if you saw this news item ‘Healthcare Reform Law Requires New IRS Army Of 1,054’ which came out in February:
“The Internal Revenue Service says it will need an battalion of 1,054 new auditors and staffers and new facilities at a cost to taxpayers of more than $359 million in fiscal 2012 just to watch over the initial implementation of President Obama’s healthcare reforms. Among the new corps will be 81 workers assigned to make sure tanning salons pay a new 10 percent excise tax. Their cost: $11.5 million.”
Scott
I would concur with Scott. Assume that the IRS knows everything you do in Costa Rica or anywhere else offshore! Costa Rica and the U.S. share banking and other data. Unless you want to do additional reporting to the IRS and The Department of Treasury, keep less than $10,000 in any Costa Rican bank account. You would be surprised at what our government computers can do! The watchers are also being watched by someone else!
“The watchers are being watched by someone else”. If that doesn’t give you the creeps, nothing will.
I have resisted accepting certain ideas of conspiracy theorists for a long time. They just seemed to be disgruntled, paranoid libertarian extremists with far fetched theories. They hoarded gold and food, practiced tax evasion and ranted against gun control, expecting a holocaust from an evil government. They saw black helicopters and evidence of shadow governments where no one else did. Like most, I didn’t take them seriously.
But after seeing and experiencing the recent horrific actions of these bankster maniacs, I began to research on my own. Like Neo, I took the red pill and dived down the rabbit hole. What a journey, what a revelation! There really IS an international banking cartel which runs shadow governments and which has devastated and is devastating entire national economies. They have been doing this for centuries. The IRS is just another enforcement branch for the IMF. Our taxes are confiscated from us and go right into their coffers. And they are up to no good.
I read what I just wrote and I see that those words could have been written by one of the weirdo conspiracy theorists I used to laugh at. But I also remind myself that EVERY bit of news and analysis we read, no matter the source, is a theory from one side of an issue or the other. Which theories do you accept as probable and which do you reject as lies? Who is naive enough to believe a single word any politician or corporate apologist has to say?
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