Cept the shit would need to withstand sand and salt water wear on it.
And when the last time you seen a hurricane in Venice 
It's time to buy Affiliate Island
- Thread starter papajohn56
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Cept the shit would need to withstand sand and salt water wear on it.
And when the last time you seen a hurricane in Venice 
Cept the shit would need to withstand sand and salt water wear on it.
Its possible.. not cheap but possible. lol
Cept the shit would need to withstand sand and salt water wear on it.
Agreed. If you toured Port Bollivar (off of Galveston Island) after hurricane Ike, you would know that when a hurricane comes, the second story won't alway save you. Some people thought it would, but they have drowned.
The surge was closer to 14 feet and simply washed the houses right off the pilings. Anyone inside was washed away as well.
What sucks for those people is that the surge started coming almost 12 hours before the storm. So you go to bed with your car packed ready to go at first light, but it was already too late. Roads were flooded, people were stuck on the peninsula with a full day of knowledge that the storm was coming that night. It was scary. I'm about 20 miles inland, but on the southeastern side of Houston. Our tidal bayou was up about 10-12 feet 10 hours before the storm even made landfall. It never crested, thankfully, at least not on our street.
pah , americans lol. for me (UK) it was a one page form AND i could backdate it for 3 years effectively legalising all my previous online earnings too. *
* i do actually live offshore though. criteria used? offshore for more than 183 days in the last year.
gotta love the link on the left "need an alibi" hahahaha now thats full service+rep for that amazing link. I need a vacation.
yeah, especially 50 (or a dozen) who cringe at the mention of the words "super affs' and detest blogs- you know, those who actually have the means to do something like that.
even is the jurisdiction where you are based has no taxes etc,, you as a US citizen have your tax liability followed wherever you go in the world. Meaning that legally you are completely fucked.
Renouncing your citizenship doesn't work either as you are still liable for 10 years and there are laws that get you if you renounce your citizenship for tax purposes.
Furthermore, any bank account you own is liable at some point to be reported. As well any company that you have shares in can be reported as well.
The summation is that if you are going to keep anything in your own name that is will be eventually traceable back to you
which of course is why most of those really making coin do the following:
1) several holding companies who are investors in this offshored company
2) as an individual they pay some taxes on salary drawn & profit sharing taken from said offshore company
3) leave a ton of money in the company, offshore.
4) the 'company' purchases executive residences offshore, and provides utilities and company related expenses (business meals, company cars, etc).
Yes you're right that when you actually (personally) pull money out you owe the US for it. However money can sit, and grow quite nicely offshore and at real dollar levels providing a company apartment/house/villa is absolutely justifiable.
Now, there is of course a cost associated with this in terms of playing by the rules, and really locating an organization overseas (employees, offices leased/purchased, etc)- the number I've always been told is that when you're making upwards of the $3-5M/year mark this is feasible and financially a decent option.
This of course rules out most.
However you'll find many of the folks in the Bahamas, and more often BVI keep their real 'primary' residences in Miami and are 'on site' quite often.
I keep on hearing "Find a CPA" - that step alone has been proven quite tough for me. How do you find a CPA that specializes in:
- Internet Business (Particularly Affiliates - no inventory, no office, etc)
- Offshore Tax expert (the rules change annually, need to go find a big4 firm)
I tried calling the big 4 firm, but they're really too big for small businesses. Local CPAs are not qualified for offshore strategies. CPAs specializing in Internet Businesses? I haven't found one yet.
Can someone who has gone through the motions shed some light on this subject?
- Internet Business (Particularly Affiliates - no inventory, no office, etc)
- Offshore Tax expert (the rules change annually, need to go find a big4 firm)
I tried calling the big 4 firm, but they're really too big for small businesses. Local CPAs are not qualified for offshore strategies. CPAs specializing in Internet Businesses? I haven't found one yet.
Can someone who has gone through the motions shed some light on this subject?
