PayPal & IRS Issue

Out of context: Reply #17

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Tell him to get a good accountant and file back taxes for him on his behalf.
If he has not taken any money out of the account in US to Japan but not reported it in Japan, he may get fined plus interest and pay back taxes.
If he has taken money out of the US account and reported income in Japan, or if he has not taken money out of the account in US to Japan he will at most pay fines for back taxes.
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- Thanks JSK. I am passing all this along to him.mg33
- Loopholes exist, for sure, a good accountant is worth their weight in gold.
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