Sorry to bore everyone with the ongoing saga but after a previous post i made on this topic i had many replies saying there will be no checks on financial status at ninety reports for a retirement extension. If this is the case ( for those depositing 800 k ) i can only assume you would be refused the following year for a new extension if your funds dropped below the required minimum.
Ok what happens if annually you open a new bank ac with 800 k 2 months before new renewal and close and destroy existing bank ac ?
A possible way around the remaining 400 k balance for retirement extension ?
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Why does everyone make such a mystery out of this?
i think it’s only the people that are here on a shoestring and don’t have the money that whine and complain about it.
To me it’s crazy………they won’t put money in the bank but have the money and time to leave the country and play all kinds of games to avoid it.
I have complied with it for 13 yrs and never had a problem