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February 2017 International Tax Lunch: Using Foreign Corporations to Defer US Tax on your Foreign Consulting Income

Using Foreign Corporations to Defer US Tax on your Foreign Consulting Income

Suppose you are a US citizen and the owner of a popular consulting business.  You have clients all over the world.  You provide consultations for a fee, and you sell recordings of your seminars and publications.  Is there any way you can leverage a foreign corporation to defer US tax on the income, so you have more resources to expand?  What are the costs of deferral?

Who: Haoshen Zhong