Chapter One of my book, International Taxation in America for the Entrepreneur includes this forty minute video on E-commerce and cloud computer international taxation planning.
It was taped at the CPA’s Society’s International Tax Planning Conference. My book is available at Amazon at this link.
Here you will learn how to exploit Congress’s refusal to modernize the Internal Revenue Code. With America’s international tax laws designed and written by a Civil War baby, Congress has created the perfect environment for offshore e-commerce tax planning.
If you would like to brainstorm your tax planning, then please call me, Brian Dooley CPA, at 949-939-3414 for a free one hour consultation.
A recent IRS legal memo explains the difference e-commerce tax planning with an onshore versus
offshore computer server. When the cloud computer is onshore there is not tax deferred foreign income, Here is the IRS memo on this link.
Department of Treasury issues an explanation of classification of foreign entities. Different rules apply to foreign LLC and offshore trusts in noncommon law countries. Here is the link to the full text.
Reporting regarding foreign trusts by and for Americans Here is the link
Update to reporting gain or loss from foreign currency transactions at this link.
Tax planning in the Virtual World for Third Wave businesses assets. You probably have virtual assets that you have not seen (because they are virtual). Your cloud computer system is one example. Here is how to find virtual assets in your business and save taxes.
Keep up to date by using our custom Google international tax research page often. Each night, this page crawls over all of IRS international’s website looking for new information. Here is the link.
We updated our Easy Tax Planning Guide on Tax-Free Foreign Source of Income for the Non-resident alien and Foreign Corporation on this link.