Re:The largest unknown Bitcoin wallet moved nearly $1B for $...
by sukilot on Tuesday June 30, 2020 @12:57PM
(#23692110)
$Million is pretty simple. That's an everyday real estate purchase is a major US city. Tens to hundreds of millions is different. But even tens could be handled by any attorney in the field. That's estate planning level.
Re:The largest unknown Bitcoin wallet moved nearly $1B for $...
by toss1 on Tuesday June 30, 2020 @11:57PM
(#23697614)
As long as you have clean money with an obvious & documented provenance (i.e., how it was earned), and an obvious above-board purpose such as buying a house, sure, transferring a few million is likely to be straightforward.
But that is off-topic - the topic is anonymous transfer for unspecified reasons.
Even transferring between two accounts of different businesses you own can generate SARs (Suspicious Activity Reports) at $5K level. Even multiple deposits of a few $thousand in cash will draw attention & be subject to confiscation if you don't have a solid & documented explanation, such as running a big & legitimate cash business.
Sales or gift taxes could apply. So could import /export taxes depending on the endpoints. Could it appear as income/gains to one party or another? etc...
of course it can often be structured to avoid such taxes, but it requires forethought.
I wouldn't even think of making a $multi-million move without first consulting a very high end attorney in the appropriate field.