Anyone Can Travel The World & Pay 0% Tax (Legally)

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  • Опубліковано 25 сер 2024
  • Learn how anyone can travel the world and pay 0% tax legally. Discover the secrets to tax-free living while exploring the globe in this informative video!
    Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on UA-cam?
    You can schedule a FREE discovery call with our team using the link below.
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    Check out JJames'stop recommended videos here. These are cornerstone videos that should answer many of your questions.
    -----Longer videos that explain it all!
    How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
    How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
    -----Guides and How tos
    Annual reporting for a foreign-owned multiculti-members (Masterguide) - • Tax Laws for Foreign-O...
    What is Form W-BEN, and why do I need it • How to Fill Out W-8BEN...
    Which payments from US Companies are subject to withholding? • Which US Payments are ...
    How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
    How to complete Form W-8BEN-E - • How to Complete Form W...
    How to get an ITIN - • Get A ITIN Number - W-...
    -----And don't forget to check out all of the"" "ALLS WITH JI""" • Calls with Jim
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    Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
    What are sales taxes? • Do I pay Sales Taxes o...
    What is a resale Certificate , and Why do you Need it - • What is a Resale Certi...
    How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
    How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
    How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • Florida Sales Tax Fili...
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    Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not to provide legal advice. You should contact your attorney for advice regarding any particular issue or problem.

КОМЕНТАРІ • 24

  • @Simulation711
    @Simulation711 2 місяці тому +12

    But first you have to cut ties with your country first as a tax resident you didn’t mention this.

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому

      Yes good comment!

    • @Simulation711
      @Simulation711 2 місяці тому

      @@JamesBakerCPA even if you cut ties, you have to be a tax resident somewhere right? Or can you just cut ties with home country and travel to these countries and be a tax resident of nowhere?

    • @Simulation711
      @Simulation711 Місяць тому

      @JohnHarthomstowCEO Im a nz tax resident. If i cut ties with NZ, then will the nz governement not ask me where ill be paying taxes?

    • @Simulation711
      @Simulation711 Місяць тому

      @JohnHarthomstowCEO Also then why don't billionaires just take advantage of this and just be a perpetual traveller and pay no taxes?

    • @willscarlett264
      @willscarlett264 Місяць тому

      Hi James. Great video, very informative and interesting. If I were to implement this tax strategy would my mother country possibly have an issue with this?
      If I were to return 2-3 years later would they request tax forms from when I was abroad?
      A bit more information about this would be great.
      Thanks,

  • @Geologo_Trader
    @Geologo_Trader 2 місяці тому +1

    Great video James. I'm Australian with a small online business living in Latin America for two years. I think I'll be in touch with you very shortly. Cheers.

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому

      Sweet! Us company be perfect for you

  • @kenabartholomew5777
    @kenabartholomew5777 Місяць тому

    Can you help me set up a LLC and Bank account in the US from Trinidad & Tobago, to get credit and funding?

  • @phantomstays
    @phantomstays Місяць тому

    Great video James, very informative.
    For US citizens that own a US business, what is the day limit? Spend more than 331 OUTSIDE of the USA? I always thought FEIE would be the only solution, but it seems that you are saying if money is kept inside my US corporation and I pay a small salary to myself, the rest of the income left in the LLC will not be taxed.

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому

      No it doesn't work like that for a US citizen. The FEIE is your best bet. I have more videos to come for americans

  • @thomaskimble8089
    @thomaskimble8089 Місяць тому

    Hi James, just to clarify, this means creating a personal US bank account as well as a US business bank account right? And sending all US LLC earnings from the biz account to the personal account.

  • @desdemipuntodevista_analista
    @desdemipuntodevista_analista 2 місяці тому

    Great video. I left Europe this way, but this meant removing first my tax residency there which implied telling them which country I was heading to😮. The US bank account is in fact handy to use a credit card to pay regular expenses, but then if you leave longer than six months you need a residence permit and a bank account there too, that implies that you will have your become a tax resident of your new country. Any thoughts how this can be avoided, yet being able to transfer big money to buy a house or a car from the Us?
    Regards

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому +1

      Hi! Thanks for the comment great to hear from you. Often when buying real estate you can send to the sellers without proof of funds or bringing Into the country

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому +1

      And apart from that every situation is so unique

    • @desdemipuntodevista_analista
      @desdemipuntodevista_analista 2 місяці тому

      @@JamesBakerCPA yes, i guess its a private transaction

  • @mafer1377
    @mafer1377 2 місяці тому

    Whats going on if you dont operate in US, you dont live in US but usually travel to US 2 or 3 time but these travels are for diferentes reasons? Those personal travel put the IRS like im operaring in the us?

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому

      No it doesn't

    • @Bambotb
      @Bambotb Місяць тому

      even if they did they have no way of controlling everybody, usa had a revolution over 2% tax now yall pussies

  • @timtim2500
    @timtim2500 2 місяці тому

    Yeah! This thing doesn't work if you have family and kids! 😢
    I mean... imagine having to move several times per year to avoid tax and how would that affect your kids at school!

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому

      Well, it surely is more complicated but there are ways to do it
      I'm responding from Panama now and my kids have camps here and do homeschool work. We spend most of the year in the States still but we are transitioning to homeschool and while it is a commitment, you get to spend so much more time with your kids and sharing experiences with them. Check out the expat money show with my friend Mikkel Thorup he talks about this a lot

  • @Ramon-sf1vw
    @Ramon-sf1vw 2 місяці тому +2

    i‘d suggest you to stick talking about us side of things. Lots of dangerous fake news in this Video

    • @JamesBakerCPA
      @JamesBakerCPA  2 місяці тому

      I try to speculate and share my experiences but always recommend talking to experts in other countries

    • @user-gc2ir7il4b
      @user-gc2ir7il4b Місяць тому

      ​@@JamesBakerCPAhello dear / please am a non usa resident i got a question i have opened llc with tailor brands now they charge me with 3000 usd for 1 year even i didnt sell anything in the usa please let me know about this issue ..thank you so much