Refund check IRS - How to transfer to an EMI?

Fajosst

Active Member
I got a refund check from the U.S - IRS.

Is there a 100% online way to exchange this check?

If possible I would like an EMI that would accept the check to add funds.

Or convert it to cryptocurrency...

I don't have a bank account in the U.S. so it's being a little difficult.

I'd appreciate it if someone could help me.
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
Ok so it is a corporate tax refund check or something made out to your company and not a personal check made out to you?

Sorry but US system is not my area of knowledge.
 

Fajosst

Active Member
Ok so it is a corporate tax refund check or something made out to your company and not a personal check made out to you?

Sorry but US system is not my area of knowledge.
The check is in my name.

It's probably related to the Form 1040-NR (personal tax paid by foreign members of US companies).

I believe it can be considered a check made out to refund me, it would not be on a corporate level.
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
I think daxbr is right. Cashing international checks at local walk in bank should not be an issue. Although they may get scared when they see the check is an IRS check made out to your name. Bank will just think your a US person and lied to them and will immediately close your account period.

If you want certainty you can travel to America go into a Walmart and cash it out if its under 5k I believe smi(&%.
 

Sols

Trusted Member
Business Angel
Shouldn't be any problem cashing a tax refund check from the IRS with any major bank. It can take a few weeks to clear and a decent chunk will be lost in fees and currency conversion (unless you hold USD with your bank).

AFAIK, most EMIs don't have the ability to cash checks.
 

ontherun

Building Trust
Entrepreneur
This would be difficult because it would open up a good 'ol route used by people running from their wife... 1. overpay us$10-20k in taxes six months before you know the papers are going to land 2. shit comes out. you pay some small amount to your wife 3. one year later you reclaim the overpaid taxes and your wife cannot take it from you because irs refunds are exempt... so if this payment could be made to an EMI it will be even harder for her to find out... I don't think this will work... but maybe...?
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
This would be difficult because it would open up a good 'ol route used by people running from their wife... 1. overpay us$10-20k in taxes six months before you know the papers are going to land 2. shit comes out. you pay some small amount to your wife 3. one year later you reclaim the overpaid taxes and your wife cannot take it from you because irs refunds are exempt... so if this payment could be made to an EMI it will be even harder for her to find out... I don't think this will work... but maybe...?
lol...thats creative. But on a side note thats not as creative as wealthy business people going into public office in US just to use a loophole to avoid tax from what I heard ns2.

You know Goldman Sachs and oil execs etc have huge stock holdings in the public companies they run. All these unrealized profits someone worth hundreds of millions would be taxed on the gains if they tried to sell them. However under US law if you run for public office you must sell your share holdings you have in these publicly traded companies to avoid conflict of interest. However because you are forced to sell the shares the gains are made TAX FREE....lol. So if your friends with Trump you can ask him to give you a job in government and you get to sell your shares tax free. A little while later you ask him to fire you and away you go having converted all your investments into cash tax free smi(&%.

I wonder if anyone knows more about this scam or its just for the insiders.....but anyway I digress from subject.
 

ontherun

Building Trust
Entrepreneur
lol...thats creative. But on a side note thats not as creative as wealthy business people going into public office in US just to use a loophole to avoid tax from what I heard ns2.

You know Goldman Sachs and oil execs etc have huge stock holdings in the public companies they run. All these unrealized profits someone worth hundreds of millions would be taxed on the gains if they tried to sell them. However under US law if you run for public office you must sell your share holdings you have in these publicly traded companies to avoid conflict of interest. However because you are forced to sell the shares the gains are made TAX FREE....lol. So if your friends with Trump you can ask him to give you a job in government and you get to sell your shares tax free. A little while later you ask him to fire you and away you go having converted all your investments into cash tax free smi(&%.

I wonder if anyone knows more about this scam or its just for the insiders.....but anyway I digress from subject.
People know it but it's not so useful for internet trader types. I think on this forum, if you allowed it, we should discuss things like manufacturing income for credit lines and VAT carousels... but it depends on how you look at things :) :)
 

Martin Everson

HNWI Offshore Consultant
Business Angel
Mentor Group
People know it but it's not so useful for internet trader types. I think on this forum, if you allowed it, we should discuss things like manufacturing income for credit lines and VAT carousels... but it depends on how you look at things :) :)
Should be a new thread.
 

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