Quote:
Originally posted by Pleasurepays
the IRS allows whats called a "Foreign Earned Income Exclusion" on up to $70,000.00 if you are living 335 days of the year outside of the country.
you dont necessarily need to pay taxes where you "reside". it depends on if there is a double taxation treaty between your country of citizenship and where you are "residing" .
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Yep, but that 70K is mostly for engineers and contract programmers on assignment overseas, and as you said living there 24X7. (I think you can visit the U.S. 2 weeks a year).
You don't need an offshore corporation to take advantage of it.