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    • Paul

      New Members' Forum   03/09/2017

      Hello. If you are a new member, and feel a bit apprehensive about posting in the "open" forums, or, just wish to get your "sea legs" prior to posting in the open forums, feel free to post anything you wish to talk about, in the Newbies Forum. No one will bother you, or give you any sort of grief. Everyone there is happy to help you get answers to your questions.

softail

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softail last won the day on August 3 2010

softail had the most liked content!

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779 Really bored when not online.

About softail

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    Seattle USA
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    I cannot donate

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    softail_custom
  1. In the first pic they have hats, in the second pic they have helmets on which appear to have equipment mounted on them, not the same thing.
  2. Keep the great pics comping, I love the old times before the invasion of modern ideas.
  3. Don't worry, we forum members have got your back. What are friends for, if not to watch for each other, sometimes it's called tough love.
  4. Perhaps she had someone on call waiting.......just a thought
  5. Now, what the heck are people to do?
  6. Why not instead rent out the condos that you are buying for passive income, no mus, no fus.
  7. This exactly what I have done. My parents wanted to leave me 5 rental properties., I convinced them to leave them to my 2 sons. I felt that it was best that they inherited them while they were in their prime rather then to an old guy that enough anyway.
  8. Are you serious, or are you just trolling? You are hiring house help, not a whore!
  9. It could be that he left his home country for the same reason he can't return. It just may be he would have some folks greeting him at the airport.
  10. Like they say "no good deed goes unpunished ".
  11. This post cannot be displayed because it is in a password protected forum. Enter Password
  12. Every three months, the U.S. Treasury Department publicly names individuals who renounced their U.S. citizenship. Giving up citizenship is a solemn step. Even so, the number of published expatriates for the third quarter of 2016 was the second highest in history at 1,380. The first quarter of 2016 tallied 1,158 expatriations, while the second quarter had 508 published expatriations. In 2015, there were approximately 4,300 expatriations. Even higher expatriation numbers seem small compared to the influx of immigrants. Yet to put this into historical perspective, there are now 18 times as many renouncers as in 2008, with Americans renouncing citizenship up 560% from their Bush administration high. This isn’t about politics, unless you call FATCA politics. The Foreign Account Tax Compliance Act was enacted in 2010, and took years to implement. And it is having an impact, perhaps bigger than these expat numbers reveal. This is a published list that is incomplete, with many leavers not counted. Surprisingly, no one seems to know exactly how big the real number is, even though both the IRS and FBI track Americans who renounce. Expatriations have historically been much lower than these figures. There is no single explanation for the increase, although some renouncers write why they gave up their U.S. citizenship. The reasons for renouncing can be family, tax and legal complications. Plainly, though, some renounce because of global tax reporting and FATCA. Dual citizenship isn’t always possible, as this infographic from MoveHub shows. America charges $2,350 to hand in your passport, a fee that is more than twenty times the average of other high-income countries. The U.S. government has collected over $12.6 million in fees since the fall of 2014, after hiking its fee to renounce citizenship by 422%. FATCA has been painstakingly implemented worldwide by President Obama’s Treasury Department. It now spans the globe with an unparalleled network of reporting. America requires foreign banks and governments to hand over secret bank data about depositors. Non-U.S. banks and financial institutions around the world must reveal American account details or risk big penalties. America’s global income tax compliance and disclosure laws can be a burden, especially for U.S. persons living abroad. Like pariahs, they may be shunned because of their American status by banks abroad. Foreign banks are sufficiently worried about keeping the IRS happy that many do not want American account holders. Americans living and working in foreign countries must generally report and pay tax where they live. But they must also continue to file taxes in the U.S., where reporting is based on their worldwide income. Many claim a foreign tax credit, but it generally does not eliminate double taxes. Moreover, the annual foreign bank account reports called FBARs carry big civil and criminal penalties. Even civil penalties can quickly consume the balance of an account, so enforcement fears are palpable. FATCA has ramped up worldwide and requires an annual Form 8938 filing if foreign assets meet a threshold. Still, leaving America can be costly. To exit, you generally must prove 5 years of IRS tax compliance. And getting into IRS compliance can be expensive and worrisome. It makes it all the more frustrating if the reason you are getting into compliance is so you can renounce! Kafka might appreciate that, but many people do not. The exit when you make it can be expensive too. If you have a net worth greater than $2 million, or have average annual net income tax for the 5 previous years of $160,000 or more, you can pay an exit tax. It is a capital gain tax, calculated as if you sold your property when you left. A long-term resident giving up a Green Card can be required to pay the exit tax too. Sometimes, planning and valuations can reduce or eliminate the tax, but taxed or not, many are headed for the exits. Many Americans abroad feel squeezed, and the fact that the U.S. hiked the fee to renounce by 422% did not help. Previously, there was a $450 fee to renounce, and no fee to relinquish. Now, there is a $2,350 fee either way. The State Department said raising the fee was about demand and paperwork, but the number of American expatriations still increased after the fee hike. Most who bristle about leaving over the Presidential election are not serious. Even those who are, probably have in mind a temporary move, not a final exit. For those who do truly leave, whatever the reason, the details really matter. http://www.forbes.com/sites/robertwood/2016/11/11/more-americans-are-renouncing-citizenship-but-not-over-the-election/?ref=yfp#402377582788
  13. Dose he accept Western Union? If so need his name and preferred location