I am inquiring about the tax implications of an offshore formation of an IBC that will exist and do all of its business solely online. From my understanding, if there is no physical place of business of any kind, and no physical business transactions are being performed within the United States(there won't be any physical transactions taking place since it is a fully online business), then the corporation's source of income is not connected as a taxable income by the IRS.
Also, the corporation will have its own bank account in an offshore account as well, with none of its net profit being redistributed to the investors, therefore remaining not connected to the IRS as a taxable income.
To further explain the company being formed, it is called For Your Liberation, Ltd. and it is in the process of being incorporated in the jurisdiction of Seychelles. It's sole responsibilities and activities will be to:
1) Manage and maintain "www.foryourliberation.com", "www.markosjk.com" and any and all social profiles and future associated domains
2) Manage the distribution of eBooks by Markos J.K.
3) Abide by all rules and regulations of the jurisdiction of Seychelles
Lastly, there is no permanent physical address of any kind of office, workshop, or mine in the US for the IRS to consider the corporation's income as connected and taxable. On top of that, I personally won't be living in the US in the next 2-5 years as well.
I would appreciate having an answer and letter of advice supplied by a CPA on the matter to be used as tax advice to supply to the company that is forming my offshore corporation in Seychelles.
Thank you very much.