Bad attitude Spacedog...no offense, but after hearing how poor you are (dude, you don't even have a credit card), I would NOT take any tax advice from you. Spacedog, OF COURSE offshore income is taxable! That is one of the most lame things I've heard tonight. You do not know much about taxes, so please don't presume to give people such poor advice. Please mail me a postcard from jail in a few years.
Bottom line, PAY YOUR TAXES! As many others have pointed out, it doesn't matter where the income comes from (be it US or UK), if you earn the cash while you live in the US, then you need to pay taxes on it.
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