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The IRS has already thought about this scheme. If you are a US citizen, you need to report all foreign bank accounts if the sum of foreign money is over $10k. Failure to do so is a $100k fine. I expect there are other problems here.

I had heard that you could license your software to your company, which is advantageous since apparently license fees are taxed at capital gains rates (15%). I have not verified this, however.




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