Recent content by CoinBoss

Thanks for being honest!

I still don't understand why this would not be seen as a 'controlled foreign corporation (CFC)' (assuming it's done legally of course)? "The CFC structure was created to help prevent tax evasion, which was done by setting up offshore companies in jurisdictions with little or no tax, such as...

@diablo Could you explain what license you refer to? I assumed that any 'controlled foreign corporation' would have to pay tax no matter what. Can you recommend anyone who I could talk this through in more detail? Please PM me if you like. Thanks for your help!

I had some advice from a CPA and offshore companies do not have an advantage for crypto traders as the company is seen as a CFC and any income is taxed as "subpart F income" in the US.

Hello guys! I'm looking to set up an offshore company to trade crypto without having to pay taxes. I'm currently based in the UK but will move to the US in a year, so anything I set up needs to be legit in both countries. I'm doing this to save tax, not to hide anything. 1) I heard that Belize...