Are there any online or home based business that you can run without reporting any taxes?

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No. Not in the U.S. Taxes arn't really all that bad if you know the right information on filing them. Its best to stay legal in all businesses. Find a good accountant to help you file your taxes and do some research on building a business. Based on how large you want to be, you can minimize your taxes legally.

It depends on your country and its regulations, I would always go the legal way as moneyvelocity mentioned.

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Sohaib

i'll go the legal way like my friend dacty up there,,although i know he's hiding few numbers from the tax departments

lol, I didnt know that

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Sohaib

PSX23

This is a great question. Do you want legal ways or illegal ways which are actually legal but in the respect to the U.S. Government are considered to be in the realms of money laundering and evasive tactics to keep your money from being tracked by the US.

To make a long story short, you can run a home based business without paying taxes if you do not have a business license or claim any sort of expenses based on this business. But in a sense you are creating a grey area where no one actually knows you're running a business and using overseas bank accounts for transaction purposes. So in the end, no you always have to pay taxes but the question is how much you actually want our government to see.

Move to Monaco, there they dont know the word tax. But you can only live there if you are Rich, and if we were that, we were not hanging around here, but playing some golf


But there isnt really a way around those damn taxes, but i know where i live, there you can earn a few hundred a month, without having to pay taxes.

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I believe in the US you don't have to file for taxes until you make a certain amount of income per month, and per year ( I believe the number is like $6,000 - $8,000 ).

I'm not positive on this though so you may need to double check on it.

Hm. Is that 6-8k per month? Or per year? Per month sounds better. 6-8k per year, that's not a lot of money.