The Jacobs Report on International Tax Planning is a free e-mail Q&A service about international tax planning, asset protection and related offshore topics. The list is open to the public, but answers to questions by customers and subscribers of Offshore Press will be given priority in the selection of questions to answer. Answers to questions will be provided on a time available basis. The responses to questions are based on the author's interpretation of the relevant tax issues and are not intended to constitute specific advice to any member of this Yahoo Group. The information provided does not constitute authoratative support for any tax issue and may not be relied on to avoid potential IRS civil penalties for negligence. This group is sponsored by Vernon Jacobs, CPA (www.vernonjacobs.com) and by Offshore Press, Inc. (www.offshorepress.com)
I've always been somewhat amused by taxpayers who wait until it is time to prepare their tax return to ask about what they can do to reduce their taxes. And I
QUESTION: "I am closing my offshore asset protection trust. This year 2009, I will take all assets as a benfits leaving zero in the trust. Which forms to file
Do you remember the hey-day of the tax shelters? It occurred from about 1970 through 1986 after which most of the individual tax shelters were curtailed by the
QUESTION: How do you collect lottery powerball winnings in order to maintain your anonymity? Do you setup a living trust or LLC? Will this reduce potential
In the last message, I said that a free e-book on the tax rules for offshore investing was available at http://www.offshorepress.com/offshoretax/ However, I