Hello everyone,
With the amount of brokers that accept US Clients dwindling, I have been looking into setting up an offshore IBC or LLC with a nominee director so that I can open accounts with other brokers. I have done some research with google searches and reading whatever I can, but nowhere can I find an example of anyone who has done it and what their tax implications were with the IRS and the legality of it all. If anyone here has done this, please post with any information that you have that may be helpful for the rest of us.
I have an appointment with my tax guy in a few months and will be discussing it with him. Any new information that I find I will post here to help anyone else who has been considering going this route.
Here are some links to get started:
With the amount of brokers that accept US Clients dwindling, I have been looking into setting up an offshore IBC or LLC with a nominee director so that I can open accounts with other brokers. I have done some research with google searches and reading whatever I can, but nowhere can I find an example of anyone who has done it and what their tax implications were with the IRS and the legality of it all. If anyone here has done this, please post with any information that you have that may be helpful for the rest of us.
I have an appointment with my tax guy in a few months and will be discussing it with him. Any new information that I find I will post here to help anyone else who has been considering going this route.
Here are some links to get started:
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