You guys are talking past each other. The idea of a corporation is that it's a separate entity. The corporation only has to report to the country in which it was setup in. Corporate income isn't personal income. Personal income is handled differently.
Totally agree Dude, but surely it is your earnings/income from that Corporation, that would be in question here.?
Clarification of my post. "Foreigners LIVING IN THE PHILIPPINES don't declare money they earn abroad, IN THE PHILIPPINES" "If you don't live in Hong Kong, you don't pay income tax on income from a Hong Kong company IN HONG KONG". What rules people may have to follow in other countries they have lived and/or been citizens in I have no clue. I could give a long list on how it works in Sweden if there are any Swedes on the forum interested, as that is a completely ridiculous.
Sorry mate, if you make money, regardless of where it was made or who paid you, you have to legally report it. (if you are American) Foreign income is not taxable up to 95k but you still have to report it. There are laws that protect you from getting taxed twice in the US as well as the foreign income exclusion. (but even if you are getting taxed by another country you still MUST report it to the IRS. The IRS really makes no exceptions to that. http://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable
Lol I didn't proof read that last message. I think I wrote you have to report it 4 times. Oh well, it gets the point across. If you don't report the income you are breaking the law. I won't tell though......even though there can be a reward for snitching, though I think you would have to snitch on someone who was hiding millions for the IRS to pay you. (someone could probably make a living between snitching delinquent visas to the BI and reporting other people's income to the IRS. Lol)
Anyone who wants to learn to earn money online can find surely free lessons on Udemy.com: https://www.udemy.com/courses/Business/Entrepreneurship/?p=1&price=price-free&view=grid I have signed up for a few courses already and only can recommend to give it a shot!
That's not a spam post. Udemy offers free courses for many things. He is suggesting that you can use the site to build skills which you can then use to make money. After all, skills pay the bills.
Locating spam posts, lesson 1 of ? | Making money from posted links. Making money on links you post in forums is called affiliate referrals. The way to associate clicks on that link to your account is to place your affiliate ID in the url. A link might look like the following example. http://foobar.com/awesomesauce?ref=thedude In the above example, this is clearly an affiliate link. It may not always be obvious though. The link which Malfeis posted is this. https://www.udemy.com/courses/Business/Entrepreneurship/?p=1&price=price-free&view=grid In this case, the variables are "p=1" which refers to the 1st page, "price=price-free" which refers to free items, and "view=grid" which refers to a grid view as opposed to a list view. Udemy is a widely known site which offers free and paid courses across many subjects. Among the free courses are web developer related such as HTML 5. These courses could help you make money.
@Wrey83 - My posting was intended for people with limited access to funds. Udemy is a place where you can get free schooling and infos, as well as for people wanting to widen their horizons. It's a huge pool of knowledge you can tap in, even if you don't have the means for it. I do not earn a dime from of having made readers aware of another avenue to widen their horizons. @TheDude - Thank you very much for clarifying my posting. It was never meant to SPAM in this very much appreciated forum. My thought was giving a valuable input to people in search of information.