AdSense income tax avoidance

Forum Moderators: martinibuster

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AdSense income tax avoidance

Change the check payee to your relative overseas

omarkits

4:57 pm on Feb 17, 2009 (gmt 0)

Is this a good idea to avoid tax in the US?
Change your AdSense check payee to one of your relatives (If you have relatives overseas, and they are neither US citizen nor US resident) and ask him/her to open an account in an offshore tax-free haven like Isle of Man/Dubai/Singapore etc, then ask him/her to wire transfer the money from his personal account to your US account as "gift" (As gift from overseas is not taxable, you only have to file form 3520 if your "gift" exceed 100k in a tax year).

I think this is good solution if you are the only person who operates the site. Anybody got better ideas?

nrep

5:03 pm on Feb 17, 2009 (gmt 0)

Anybody got better ideas

Yeah, pay your taxes! If everyone was like you and wanted something for nothing, just imagine the state we would be in.

LifeinAsia

5:23 pm on Feb 17, 2009 (gmt 0)

Anybody got better ideas

Yeah, the tax advisers for Wesley Snipes, Richard Hatch, Leona Helmsley, Richard Pryor, Spiro Agnew, Willie Nelson, and Nicholas Cage. And since they all got caught, it's probably best if you didn't try to weasel your way of your legal obligation. Unless you're actually interested in paying big fines and/or doing jail time.

Now, if you REALLY want to avoid paying taxes on AdSense income, there *IS* a sure-fire, completely legal way to do it: drop AdSense and stop getting income from it. No income -> no taxes to pay.

expat123

5:41 pm on Feb 17, 2009 (gmt 0)

That's called tax evasion not tax avoidance.