If I have a business, or I am getting an income stream from outside of the U.S, am I still subjected to regular income tax here? How can I get around this? Is it possible to set up a bank internationally and use the money from the U.S?
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Now the proper structure you're talking about is for purposes to reduce your taxes? Or to make the money you're making "legal" in the U.S.This is a complex topic.
If the income runs thru your US entity then yes, it is fully taxable in the US.
There are options to minimize, but unless you are earning at least 6 figures it won't be worth the cost to set up the proper structure.
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