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Re:IRS tests free e-filing system that could compete with ta... by thelittleone on Monday May 15, 2023 @02:50PM (#35952831)
You could establish a corporation in a UAE freezone with visa and not even need to keep books. Of course assuming your laws allow it.
Re:IRS tests free e-filing system that could compete with ta... by jsty on Monday May 15, 2023 @02:58PM (#35952958)
> Of course assuming your laws allow it.

The spherical cow of the accounting world

Re:IRS tests free e-filing system that could compete with ta... by lazide on Monday May 15, 2023 @03:54PM (#35953605)
Also a bit of a Heisenbergs cat!

A lot of things are ‘legal’ as long as you don’t get audited.

Re:IRS tests free e-filing system that could compete with ta... by dabluecaboose on Monday May 15, 2023 @04:29PM (#35954068)
Did you mean "Schrödinger's cat"?
Re:IRS tests free e-filing system that could compete with ta... by lazide on Monday May 15, 2023 @04:32PM (#35954096)
Doh, thank you!
Re:IRS tests free e-filing system that could compete with ta... by technothrasher on Monday May 15, 2023 @04:24PM (#35954022)
US law doesn’t allow it, or at least it doesn’t allow you not to declare and pay US tax on any income you make no matter where you make it.
Re:IRS tests free e-filing system that could compete with ta... by RajT88 on Monday May 15, 2023 @04:31PM (#35954090)
Yes, the US government generally frowns on tax dodges. Famously, that's how they have put away hardened criminals like Al Capone.

But of course, the dynamics of our current system are such that the people least likely to be able to defend themselves legally are the ones which are frequently targeted for tax dodges. How many years do the extremely wealthy have to dodge taxes before the IRS finally comes down on them? Meanwhile, a friend of mine got dinged for a $500 deduction for unreimbursed work travel and not having receipts (a $2000 fine which she had to borrow money to pay).