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Old 12-08-2014
RLZ44 RLZ44 is offline
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Default Re: Not sure what info to trust

Quote:
Originally Posted by rsot View Post
What are you using for Canadian IP?
VPN with dedicated and unique (not recycled) Canadian IP.

Quote:
Originally Posted by GreenBean View Post
What are you using for a Canadian bank?
Canadian paypal can withdraw to American bank accounts. I have a preexisting US account that has never been associated with any paypal account. For any others I will use a VBA.

Quote:
Originally Posted by GreenBean View Post
What are you using for a Canadian address?
Canadian business address.

Quote:
Originally Posted by GreenBean View Post
Why do you think this plan will sort all issues?

I just want to avoid SSN verification and build up a long term account. Running numerous US stealth accounts to avoid SSN prevents me from building any of them up to a significant degree. I would go the LLC route, but my state charges a minimum annual franchise tax of $800! I can get that waived the first year by electing S corp status, but I would still have to pay 1.5% CA state income tax, pay a pointless unemployment tax on myself, and pay ordinary income tax on distributions. S corp status would only be beneficial to me at a higher profit margin. And no, I cannot get around this by establishing business in another state like Wyoming, Nevada, Delaware, etc. I would still have to register as foreign business operating in my state and pay the same taxes. With some careful tax planning I can probably minimize these taxes to some degree, but I don't have the money to see tax professionals right now. This is why I am going about this in the way that I am.

Last edited by RLZ44; 12-08-2014 at 10:51 AM.
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