If you are a U.S. person or company and open a foreign corporation, be careful of the tax implications.Going offshore does not help you save taxes if you create a CFC or a PFIC.Watch our video to learn more!Subscribe to the channel for more episodes and tutorials.Purchase our tax guides and tutorials here: https://gumroad.com/jasondknott https://www.udemy.com/user/jason-knott-2/Check out our website for more posts: https://www.lawofficesofjasonknott.com/blog/Need more help? Schedule a consultation: https://calendly.com/jason-knott#IRS #Taxes #ForeignInvestmentFollow Knott PLLC here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasonknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott Quora: https://www.quora.com/profile/Jason-Knott-17