Paying US taxes if I setup a business overseas?

[Rick]

I am thinking of setting up a business overseas and wanted to know what that tax implications would when I bring the money back into the US. I've read that if you work for a company and live overseas for a certain number of days during the calendar year, the first 80k you make are tax free. Is there anything similar to that for corporations?

 

[v b]

No.

If you bring the money back to the US in the form of dividends or wages, it's taxable to you.