Here is my question. I would like to form an offshore company lets just say in the Bahamas. I would have all my consulting income run through this corp so as not to pay any US corp taxes.
Now being a US citizen I do understand I will still be subject to paying income tax above a certain amount. But is what I want to do legal for one and the revenue itself will be generated by companies outside the us. So if all the revenue is coming from out side the U.S. can I form a US company that is extempt from taxes?
Now being a US citizen I do understand I will still be subject to paying income tax above a certain amount. But is what I want to do legal for one and the revenue itself will be generated by companies outside the us. So if all the revenue is coming from out side the U.S. can I form a US company that is extempt from taxes?