Pennsylvania Tax Lawyer
LAWYERS! I’m incorporating in Nevis (Offshore) for tax benefits. Does anyone have experience with this?
I’m looking to incorporate my company in nevis so that I can keep my assets for the company private. While I live in Pennsylvania, my company is run completely online so I don’t have a physical business operating presence in pennsylvania. What type of tax ramifications do I need to look out for. Note: I will pay income taxes on the money that I transfer – it just wouldn’t be the corporate taxes. Thanks!
Are you incorporating for privacy or tax benefits? You are unlikely to realize significant US tax benefits from incorporating in Nevis, for a variety of reasons. Sit down with a qualified international tax advisor — not the one who persuaded you that Nevis was a good idea — and have a serious discussion about the ramifications of your decision.
Of course, you will have to report all the activities of your corporation to the IRS on Form 5471, attached to your own 1040. You can be sure that the use of a Nevis company will attract lots of attention!
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Tax planning for lawyers & other professionals (PBI) … |
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Pennsylvania Tax Handbook: 2003 £45.60 … |
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Pennsylvania Tax Handbook : 2004 (Pennsylvania Tax Handbook) … |
