Quote:
Originally Posted by Big Boss
My company accounts got closed down by the banks because off an ongoing police investigation against one of my companies. And as banks in Sweden no longer handles physical cash (I know it's fucked up) I had no other choice then to transfer the money to my personal accounts. According to the IRS I have to pay income tax and payroll tax for it since they consider it salary. Even though me and my attorney explained the situation to them. They simply don't give a fuck!
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If you transferred the money from a Swedish Aktiebolag (LLC) to your personal accounts you are probably screwed. Since you aren't allowed to loan money from your Aktiebolag, they will consider it dividend and tax you thereafter. Better with multiple companies since you can move the money around very easily. As for banks in Sweden not handling cash, that depends on the bank and the branch, but you usually have to order cash a couple of days in advance if you need more than 20K SEK.