CFC Rules You Need to Know as a US Overseas Company

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Are you a US citizen with an offshore business? Think your foreign earnings are tax-free until you bring them home? Think again. This two-part series breaks down the complex world of Controlled Foreign Corporations (CFCs) and the tax implications for American entrepreneurs and investors living abroad.
00:00 Start
1:19 Definition of a Controlled Foreign Corporation (CFC)
2:52 Explanation of Subpart F Income
4:30 Foreign Base Sales Income
5:40 Foreign Base Services Income
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[@adamselectricuniverse]

Seems that for every one lawyer a company has to assist them in tax mitigation, the government has ten lawyers devising ways to make taxation more invasive! Looking forward to part two... after all, we are all "guilty" in the eyes of the bureaucracy, are we not? 😇😇😇

[@ejlworld]

It’s as if the USA wants all of the upcoming talent to abandon ship.

[@meme4ever494]

Can you do one for Greece? How/ when do the CFC rules apply to a Greek resident with a US LLC? For context, here are my specific circumstances: I want to open up a US LLC to generate active income only through providing services to US clients (Side Q, the US-Greek tax treaty lowers the amount of dividend withholding tax from 30% to 5%, I assume that since the withholding tax occurs at the source, AKA the LLC, I would pay that tax to the IRS and not the Greek tax authorities correct? And since Greece has a 5% tax rate on dividends I can bring that down to 0% with tax credits, my question basically is: ''Where do I pay the withholding tax when I take dividend payments out of my US LLC?'' Alternatively if you don't think it is worth the effort of making a video due to the too niched down audience I would love to get a response from you guys here in the comments Thank you for all your videos guys, I've learned so so much both about taxes and the world as a whole thanks to all the videos you make

[@NomadCapitalistRD]

Thank you for the comment! We'll definitely consider covering this topic in an upcoming video. In the meantime, feel free to explore our existing content, and to reach out at [e-mail] for any specific questions.