I am trying to find out if me being the director and running the company would make the company tax resident in the USA and corporation tax on profits be required to be paid in the USA? =========>As a US resident ,even only for tax purposes, you need to report both US source and world wide income to the IRS and your home state in US.
Or would me being the director only make me responsible for pay taken as a salary?======>salary that you receive from the biz overseas needs to be reported as your world wide income;however, if you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction; To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year; A U.S. resident alien who is a citizen or national of a country with which the United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.please go and follow the instructions ; https://www.irs.gov/individuals/inte...n-or-deduction
Note; since you are a U.S. citizen or a resident alien of the US and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is adjusted annually for inflation $100,800 for 2015, . In addition, you can exclude or deduct certain foreign housing amounts. The 2017 Foreign Earned Income Exclusion has increased to $102,100, up from $101,300 for tax year 2016. This means that a husband and wife can make up to $204,200 of earned income using the 2017 Foreign Earned Income Exclusion and payzero Federal income tax.
Once more as I said,To qualify for the 2017 FEIE, you must be out of the U.S. for 330 out of 365 days, or living abroad as a legal resident of a foreign country. If taking the exclusion as a resident of a foreign country, you might spend 3 to 5 months a year in the U.S., but never 6 months.and of course to claim FEIE or foreign housing tax credit you need to file your US return.
You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.
I can't seem to find a definite answer anywhere and I'd appreciate it if someone here could point me in the right direction to find out. A lot of accountants I've seen aren't unable to say for sure.============>as mentioned above.