My knowledge in tax law is limited, but I’m wondering if anyone has experience using offshore bank accounts to defer (not avoid) US taxes.
I have this idea of driving for uber (or something of that nature) on the side, and sending paychecks to an offshore account and making investments through it. By doing so you would not have to worry about taxes until bringing it back to the US. Over years and years those tax dollars will grow exponentially.
I’m sure there’s a lot of holes in this logic, but please fill me in if this seems possible.
Edit: Money would be held in a corporate shell company, not personal.
Submitted September 10, 2020 at 10:21PM by rjc0915 https://ift.tt/3imnnAN
