internet business tax residency and strategy

[catalysto]

I am a US resident who wants to set up an LLC in ireland (dual citizen) for a multimedia company that is providing a paid service on an internet site. How does taxes work for that, is it taxed in Ireland or both? My understanding is that if I set up an LLC in the USA it is considered a pass through and I report profits with my tax return. Just trying to understand the differences between both scenarios. what would you all do in this circumstance to make things more tax efficient or easier? thank you!

 

[Martin Everson]

I know its not what you want to hear but you being a US person you need to speak to a US tax advisor. To give financial advice or information that can be considered financial advice to a clearly identified US person is probably some sort of offense in US...lol