SATISFYING THE IRS WITH FULL DISCLOSURE OF TRANSFERS OF MONEY OVERSEAS & HOLDING OFFSHORE ASSETS 

Investing Offshore into foreign companies is complex for USA and Australian investors in particular - as there are reporting requirements in respect of IRS or ATO returns - with particulars of the foreign company's earnings.
It is not too great a burden provided you are not a major shareholder ... such that the overseas company is deemed a Controlled Foreign Entity
... but why have the anquish and continuing fear of the Bogeyman!
The easiest way to overcome this interference by Uncle Sam or Aunty is NOT to invest directly into a foreign company.
Instead you might consider investing into a mutual fund or stock exchange listed public companies. <>Alternatively if you want to transfer funds beyond the reach of creditors and litigants - including the IRS:
investing into Offshore Real Estate is about the best avenue for legitimate transfer of assets.
Yes you will still need to declare your investment to the IRS; and you should declare the income you derive directly from your overseas real esate investments.
But: isn't that a lot easier than being interogated annually about the affairs of a Foreign Corporation? Certainly!
So Investing into a Legitimate Resort Property in the Philippines will pass muster with the IRS & ATO -
You can and should freely disclose the acquisition of the asset and the transfer of funds out of your country to acquire your Offshore Investment!
... and as it is up to you to determine whether you will use it yourself, rent it out, lend it to friends or even pledge it as collateral security for other persons........
.... You have absolute discretion, and you need never fear the wrath of the IRS provided you disclose the rental income you might earn from it.


If the investment is for your own use - and is left vacant or handed to the resort to manage, all you need submit to the IRS annually is the net proceeds you receive in your hand.

So you might elect to hand it to the Resort Management and defray maintenance, rates and taxes and other outgoings by permitting the resort management to attend to this and forward you an annual statement. Any surplus resort revenue receipts can either be left at the resort for you to collect, sent by wire to your nominated account or applied towards any cause or business of your choosing, including purchase of airline tickets and stop over accommodation at preferred Hotels in Manila or elsewhere throught the world.
One area you could apply your rental income to would be establishing or hiring serviced office facilities for you to conduct other business. (Consultants can provide further elaboration once your requirements are made known by you!)

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