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Originally Posted by gregtx
i'm having dejavu... except .. the $20 each was on US webmasters!!!
now we constantly have people updating their pay to info to some foreign entity.. and then wonder why we have to hold payment b/c their old tax id gets kicked back by the irs... for a no longer working tax id... I think there are lots of people getting bad tax advice from friends and boards.. not realizing that just moving their company offshore.. does not let them not pay US taxes.. ifthey still live here...
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LOL yeah I'm not sure where everyone got this idea that you didn't have to pay taxes if you just created offshore corps everything would be fine and dandy, yeah, that works great if you MOVE offshore and don't plan on coming back.