Quote:
Originally posted by Amputate Your Head
well, until my overpriced accountant changes his mind on the subject and tells me it's a good idea, I won't be screwing around with the IRS. Fucking with the Mob would be less dangerous.
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Ampiezza,
I completely agree that everyone should consult a professional in the field before taking any action. My attorney is button #1 on my speed dial. I believe your situation is quite different.
You are a U.S. citizen providing services render in the U.S. to primarily U.S. companies. It would be illegal for you to shelter that revenue offshore. In this case forming a U.S. corporation is the wisest move.
I am in no way promoting tax evasion. A company should always pay the correct amount of taxes for the service and products rendered from its home jurisdiction.
Our industry is global in nature. There is no reason to pay more for income generated in other countries if that money is not repatriated.
I lived and did business in South America for several years. Why should I have to pay U.S. taxes when I never brought that income back to the U.S. and paid local taxes?
As I mentioned before, tax evasion is wrong but wise tax avoidence is virtue. If an adult webmaster makes money in several countries he would be wise to funnel it correctly to maximize returns.