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Old 11-15-2007, 12:23 AM
Legislurker Legislurker is offline
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Join Date: May 2007
Posts: 728
Default Re: My new CPA says I should file as a corporation???

The whole point of filing in an OFC is that the corporation pays YOU and buys your house and car. The IRS can't force you to divulge the nature of the corporation or even who owns it.
Especially if the money never comes into the US. Im not saying its "legal" its just a lot of effort on their part to prove illegality that they may totally avoid. Getting the information would take a LOT of time and expense, so as long as you cna account for how you got all yoru assets, or show that the corporation owns it, youre pretty safe, but i wouldnt say ironclad.
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