How do taxes work with offshore investing?
1. Would I owe tax on the total profit even though I have not taken any profit out, or do I only owe tax on the money I take out to my bank account?

2. Since offshore companies do not report your profit to the IRS or send you official documents to give to your cpa, what documents would I use to give my cpa that would be official and not cause an audit?

3. Does offshore investing cause a person to be audited by the iRS on a regular basis?

Many thanks to those who can help with this.

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1. you must report all profit even if not withdrawn
2. yes you will be audited when you report

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