I want to sell a property located in Asia. The buyer for whatever random reason wants to pay a part of the payment (500k usd) from a US corp account. I do have a personal US bank account, that is, it would be easy to get $500K wire from them and then wire the funds to my account in Europe. What would be the implications of doing such transfer? Would I need to deal with the IRS (eg file taxes) or even pay some share of the funds? I’m not a US tax person, not a US citizen.
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Sounds like a money laundering/embezzlement scheme. Not a tax issue as much as a criminal one.– littleadvJul 28, 2022 at 18:01
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I don’t care if they want to launder/embezzle something. I got a strange offer and part of it $500K to be wired from a US corp account. I want to check if I’m ok to accept that, it’s not my business to verify if they break any laws by doing that– Pavel PJul 28, 2022 at 20:05
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it will be when the rightful owner comes after you to return the money– littleadvJul 28, 2022 at 20:44
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How so? Do you mean they outright steal the money from the company? As I understood it’s their US-based inc and they offered to pay to a US-based corp account, which I do not have (but I have a personal bank account).– Pavel PJul 29, 2022 at 8:05
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Do you mean they outright steal the money from the company - how do you know they're not? Why would their company pay you for their own personal acquisition? That makes no sense.– littleadvJul 29, 2022 at 15:48
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