Offshore Business - Pay Low Tax: Difference between revisions
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Latest revision as of 09:31, 15 August 2026
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If you actually sign for the company account, even for anybody who is a minority shareholder, then there is more than $10,000 inside it and do not need report it to the U.S., it's also a felony and is prima facie memek. And funds laundering.
Another angle to consider: suppose your business takes a loss for the whole year. As a C Corp there exists no tax on the loss, however there one other no flow-through to the shareholders as with an S Corp. The loss will not help your personal tax return at everyone. A loss from an S Corp will reduce taxable income, provided there is other taxable income to cut back. If not, then put on weight no tax due.
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