Quote:
Originally Posted by beta-tester
Epassporte is considered offshore, so you probably don't have to report income to IRS while it's not made in the US.
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What they care about, and that is good for both US and Canada, is where your activities are. You are free to earn money offshore and keep it offshore but you must be able to prove you were physically offshore as well when you earned it. Working in the US but cashing out of the US isn't good enough...
Of course some are shaving the law, some think that doing your company AGM once a year offshore is enough to pretend activities are done over there but I think if they start an audit on you and find this out it will become a nightmare. I prefer to sleep well at night
