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Ryan Ace · 05-22-2005, 10:38 AM

I'm an american citizen and I want to setup an offshore company with bank accounts in a south american country. I dont plan on bringing any of the money sent to those bank accounts into the usa. Am i still required to report that income to the irs even if i wont be bring it into the states?

05-22-2005, 10:38 AM
Ryan Ace Registered User Join Date: May 2005 Posts: 1	Offshore Banking and Taxes I'm an american citizen and I want to setup an offshore company with bank accounts in a south american country. I dont plan on bringing any of the money sent to those bank accounts into the usa. Am i still required to report that income to the irs even if i wont be bring it into the states?