Finance

Offshore banks and international financial institutions hate to open accounts for cryptocurrency investors. Here are 4 reasons why offshore banks hate cryptocurrency investors and what you can do to open…

Recent comments from the SEC mean that cryptocurrency crowdsales are legal in the United States. ICOs, on the other hand, are fraught with risks if done incorrectly. Basically, Securities laws…

After 17 years advising expats, living the life, and having been a resident in 5 countries, here’s what I think you need to know before going offshore. This article is…

The new BOSS Act (Beneficial Ownership Secure Search Act of 2017) was implemented in the British Virgin Islands this week. The law puts your personal data in the hands of…

One non-negotiable for US citizens is that we are taxed on worldwide income. If you live in the US, make money overseas and bring the money back into the US, it will be subject to US tax. However, if the income is earned overseas, the business is owned by a foreign entity and the income is not brought back to the US, the income will be subject to taxes in the foreign country and not the US.

It sounds tempting. Move your business to another country and avoid US taxes. But, is it legal? Like so many other instances in tax planning, the real answer is “it depends.” What you need to consider before moving your business is revealed in Part 1 of this Expert Series.