Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Due Date for Forms 1099 to Recipients Monday February 15, 2010 All Day ...
JacobsReport@yahoogro...
Feb 1, 2010 6:03 am
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Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Form 720 for 4th Quarter Sunday January 31, 2010 All Day (This event...
JacobsReport@yahoogro...
Jan 26, 2010 6:04 am
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QUESTION: I recently read your article "Tips for Preparing the Form 5471 for Controlled Foreign Corporations." I am presently trying to obtain information for...
QUESTION: You've mentioned expatriation quite a few times in this forum, but you haven't provided any guidance or information on where an American might choose...
QUESTION: Regarding the $10,000 limit in funds invested in an offshore account: Is it your understanding that a husband and wife filing jointly would NOT have...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Sunday January 31, 2010 All...
JacobsReport@yahoogro...
Jan 17, 2010 6:04 am
773
This is a reply that I received about my previous memo from Kevin Packman, an attorney who is one of the editorial advisors for Offshore Press. Vernon, I think...
QUESTION: If an expat is a grantor of a non U.S. trust, and the trust has assets, presumably contributed by the grantor, the grantor would no longer have...
Comment: Your link to the calendar http://www.vernonjacobs.com/2010-calendar.html does not work. In fact, none of the links in your post ever works for me. I...
On Monday, I compiled a list in date order of the various tax return due dates, with an emphasis on the due dates for various foreign information returns. So...
QUESTION: FBAR forms were filed for 2007 and prior. The client has signatory authority on a Canadian company checking account. This account was on the prior...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 15th - 4th Quarterly Due Date Friday January 15, 2010 All Day (This...
JacobsReport@yahoogro...
Jan 1, 2010 6:03 am
767
It's hard to remember that a decade ago a lot of us were worried about whether the computers were going to crash on midnight because of the Y2K date problem....
QUESTION: What is the IRS position when an individual is unable to furnish the precise cost basis of a stock holding that has been liquidated? REPLY: I don't...
Was it Dickens who said, "This is the worst of times and the best of times"? And who was it who said, "It is always darkest before the dawn"? With a focus on...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Deadline to Set up Keogh Plan Thursday December 31, 2009 12:00 am -...
JacobsReport@yahoogro...
Dec 26, 2009 6:03 am
763
QUESTION: I am a single mom living in Canada on a work permit. I make a fairly decent income and have to pay 40% to the Canadian government. To my surprise the...
The following is a followup comment from Taxguru@... about my response to a question about the treatment of foreign trust income and capital gains. (Vern) ...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Deadline to Set up Keogh Plan Thursday December 31, 2009 12:00 am -...
JacobsReport@yahoogro...
Dec 21, 2009 6:03 am
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QUESTION: If you owned closely held stock, would you be able to take discounts like you do in an estate valuation? Assuming the closely held stock was a US...
This is in response to my reply to a question about the legislative prospects for the continuation of the look-through rule for subsidiaries of a CFC. Vern = =...
QUESTION: We had talked in March about the look-through rules for CFCs and with the current administration controlling congress, you weren't sure about the...
Question: 3 siblings, all of whom are dual citizens (U.S./Thailand)and bonafide residents in Singapore & Thailand own 100% in equal share in Thai-based...
QUESTION: A foreign trust with a US grantor and a US beneficiary accumulates income on its original assets. The trust then consists of two parts, (1) the...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Dec. 15th - Final Corporate Estimated tax Tuesday December 15, 2009 ...
JacobsReport@yahoogro...
Dec 1, 2009 2:05 pm
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QUESTION: Here is an issue that causes some confusion A US individual taxpayer X is the owner of a foreign grantor trust T. T pays foreign tax on foreign...
QUESTION: Mr. Jacobs, if a foreign private investor, foreign financial institution, or foreign business entity purchases dividend-paying stocks of corporations...
This was in response to my comments about gifting to minors (#749) = = = = = = = = COMMENT: Vern…Your newsletter (# 749) implies that no gift tax return is...
This is from Richard Levine, Esq. in response to my comments in memo # 743 about a question involving anonymity in receiving lottery winnings. = = = = = = = = ...
QUESTION: A new client inherited a bank account in Japan and was not aware of it until a few years back. On top of only realizing that she had the account...
