Quote:
Originally posted by jonesy
yea if you do any work on that website from the US your fucked especially if your an agent or title holder in said offshore company.
the IRS is hip to every offshore bullshit and it aint as easy as it seems.
any money that comes into the US is taxable and is subject to federal laws.
one thing i know worked is the offshore credit card. an offshore bank deposits (or offshore company director of the company, which is usually a lawyer) offshore monies into your offshore credit card account. you can use that freely here.
at the same time if you are a US citizen part of/recieving money from a company that breaks US laws. they could come after you - IRS audit - or other federal shit but its very complicated and not worth the effort man.
BOTTOM LINE
you better hire a competent offshore attorney if you wanna play in the big boy leagues.
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Good info. I think, if nothing else - it would give you a nice layer of protection and make you a less attractive target. The money transfer and the record audit are two totally separate issues. My thoughts is to have an office based in a country where they have no jurisdiction. Not 100% protection, but they will only have so much manpower and it will be easier to move to the next guy on the list and raid his office in the US.
Then combine that with making your websites compliant for all pages after the rule passes (if that is indeed the way it works - I still need a straight answer on this one) and you should have nothing to worry about.
It's more than 85% of people will do.
Any thoughts?