The Jacobs Report on International Financial Planning is a free e-mail newsletter about U.S. and International tax planning, asset protection and related offshore news topics for the clients or prospective clients of Vernon Jacobs, professional colleagues, customers and subscribers of Offshore Press -- but the list is also open to the public. Answers to questions by customers and subscribers of Offshore Press will be given priority in the selection of questions to answer but answers to questions will only 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 list. 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. Tax professionals involved in international tax law (lawyers and CPAs) may be interested in joining the TaxPros Group, also sponsored by Offshore Press and Vernon Jacobs. (See www.offshorepress.com/taxpros/)