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Paul – FS Concierge
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I had this set-up when I owned US and Canadian websites that generated income – I paid my tax to the ATO, not the IRS.

That said, on the US side, you still have an obligation to file a tax return and you will be credited by the IRS with taxes paid in Australia.

All, of that said however, I could not tell you how many people actually meet all of their obligations but it is important to have the correct info before making decisions that could have future implications.