Quote:
Originally Posted by Spudstr
even if you have a company off shore, and host off shore.. but you ownthe company and you are a US citizen. you still get bonned the only way to really do this correctly is to denounce your US citizenship and move out of country.
Too many people think oh i'll just host off shore... which.. wont help you one bit.
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Yup most people don't realise this. They setup their company and run everything through it thinking they won't have to pay tax, then they get audited and get hit with tax evasion and goto jail. It would be better just to not your pay your taxes at all then try and hide the money from the govt.