He's a US citizen, not a Korean one. But he works in Korea and runs a business there, and pays taxes to the Korean government. He apparently didn't pay taxes to the US for the past several decades because he's been paying in Korea instead.
He wants to give me a considerable sum of money, like 500k+. But then he says he can send only a little at a time, otherwise the American IRS is going to flag him and he'll get in legal trouble. What the fuck, dad? He is trying to "structure", meaning send money under 10k at a time, and I told him that's illegal and will get him flagged anyway. I am also sure I might get in trouble too.
What can my dad do to transfer large amount of money to the US to me, but do it legally, not get in trouble, or pay the least amount of taxes/fees?
Submitted August 28, 2022 at 12:12AM by asura1194 https://ift.tt/dHpx7bn
