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You can set up the structure, but you won't be able to defend it in court without bankrupting yourself when the IRS comes knocking. And that's exactly where the
by charlesdm 10y ago
You can set up the structure, but you won't be able to defend it in court without bankrupting yourself when the IRS comes knocking. And that's exactly where the problem lies.
- danieltillett 10y agoExactly. It does not matter how clever your structure is if the IRS thinks it is fishy you are going to be in for a world of pain.
- rbcgerard 10y agoWhich makes it particularly painful if you're innocent
- danieltillett 10y agoOf course. I am an Australian living in Australia with no direct US business and the IRS is a pain for me to deal with. I don’t know how US citizens and businesses manage it.
- sbmassey 10y agoThe US IRS? What do they demand of you?
- danieltillett 10y agoYes the US IRS with things like W8-BEN-E form when you sell to a US company. They also make it more of a pain to deal with financial institutions since the institution needs to ensure you are not a US citizen.
- deleted 10y ago[deleted]