Doing business in the US, living in Europe

Tax questions...you know you love them..

[rfung]

I'm considering moving to somewhere in Europe for 3 months to 6 months to a year or however long I fancy it.

I know the bottom line is an appointment with the accountant, but how do folks who live in Europe make do with their taxes as far as dealing with US based merchants?

Just trying to learn a bit so I can ask intelligent questions later on.

[Arkanoid1984]

I live in Europe and I have an LLC in the USA.
For taxes and accounting, I pay a company, that has some know-how about that.

[edited by: eljefe3 at 3:30 am (utc) on Dec. 14, 2004]

[gopi]

If you are a US citizen or green card holder you have to pay tax on your worldwide income irrespective of where you live...so even if you live in europe you have to pay US tax (but you can get credit here for the tax you pay in europe)

US citizens dont have the luxury of candian or uk citizens who pay tax only if they stay there :(

[GerBot]

I run an Australian company, live in the UK and market to the US.
US advertisers pay me, the Australian company pay tax and I spend the income on English beer :)

[fiu88]

Set up a swiss co to make all the profit...just eke out a living with the US co...
Sell or bill the swiss co. at break even ( or close to it) then allow the sw. co to make the profit..

Talk to a tax lawyer, creative accountant//////

[rfung]

Would that be an american or swiss guy, or both?:)

damn taxes...

[gamiziuk]

Schemes like this are what affects the US trade imbalance...

[eljefe3]

Any good tax accountant will tell you how to minimize tax, not avoid it and be illegal. If minimizing your taxes involves complex strategies while staying legal, you're still paying into the tax system as the tax accountant needs to pay taxes on his advice to you :)

[gopi]

>> Set up a swiss co to make all the profit...just eke out a living with the US co...
Sell or bill the swiss co. at break even ( or close to it) then allow the sw. co to make the profit..

You can use this strategy with any tax haven country from the carribean to the middle east dubai ...but unless you make atleast 2-3 millions a year its not worth the trouble!