QUESTION: We (myself and my wife) are filing our 1040 jointly. I had a foreign bond during 2003 valued at about $7500 and this acount was under my name alone...
QUESTION: If someone sends me a payment to my e-gold or e-Bullion account, is that considered taxable income in the eyes of the IRS? I've heard that it is not...
The "Corporation Sole" scam has been around for many decades but the IRS claims it is being actively promoted again. According to the IRS, "Used as intended,...
QUESTION: Suppose an overseas investment company issues to me a check dated April 4, 2004 in the amount of US $50,000. It then takes 8 days for the check to...
QUESTION: Let's say you have a corporation filed in the Bahamas and it is owned 100% by a C corporation filed in Nevada. Who is responsible for the US taxes...
QUESTION: How do companies such as Stanley Tools enjoy tax benefits from being incorporated in Bermuda if it is a controlled foreign corporation? REPLY: The...
QUESTION: If someone buys either foreign real estate, or a foreign time share in real estate as an investment, and there is no income generated from this...
QUESTION: Are you familiar with the idea of Joint Stock Companies and asset protection. I got a call from someone who sets up Texas Joint Stock Companies...
If you don't get a large volume of emails, you may not have received any "phishing" emails yet. But be assured that you soon will because the problem is...
Offshore Alert is sponsoring a three day conference on Due Diligence and Asset Recovery at the The Biltmore Hotel in Coral Gables, FL, USA on October 13-15,...
QUESTION: My wife and I both work. She is in Graduate school and we need to get her a new computer among other things. Is there a possibility for tax...
QUESTION: I purchased your "Controlled Foreign Corporation Tax Guide", second edition, because I have a new client, which has the following relationships with...
QUESTION: John Kerry keeps mentioning how U.S. companies are getting some kind of tax break from outsourcing jobs. Can you describe what kind of tax breaks are...
We would like to remind you of this upcoming event. June tax due dates Date: Tuesday, June 15, 2004 Time: All Day June 15th is the due date for the second...
JacobsReport@yahoogro...
Jun 8, 2004 5:02 am
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QUESTION: I've subscribed to your publications before and am interested in doing so again. In fact, I'm considering limiting my practice to offshore tax and...
We would like to remind you of this upcoming event. File Form TD F 90.22.1 Date: Wednesday, June 30, 2004 Time: 12:00AM - 1:00AM CDT (GMT-05:00) If you or a...
JacobsReport@yahoogro...
Jun 16, 2004 5:02 am
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QUESTION: I was just reading the section of your Web site on the taxation of foreign mutual funds, and I was curious why you concluded your discussion of the...
An email from a CPA web site arrived in my in-box with an article about "How Accountants Can Form Business Entities Without Practicing Law". The clear purpose...
We would like to remind you of this upcoming event. File Form TD F 90.22.1 Date: Wednesday, June 30, 2004 Time: 12:00AM - 1:00AM CDT (GMT-05:00) If you or a...
JacobsReport@yahoogro...
Jun 23, 2004 5:02 am
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I'm an attorney-CPA in California and a long-time supporter of you and your efforts. You really hit on something with that email regarding CPA's preparing ...
Since I gave recognition to an attorney-cpa who agreed with me regarding the practical problems of distinguishing between entity formation services and closely...
We would like to remind you of this upcoming event. Returns due July 15th Date: Thursday, July 15, 2004 Time: All Day July 15th is the due date for income tax...
JacobsReport@yahoogro...
Jul 1, 2004 5:02 am
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This year's International Residence & Real Estate Conference, again co-organised by MGI and Henley & Partners, will be held at the Widder Hotel, one of the...
We would like to remind you of this upcoming event. July 31st Tax Returns Due Date: Saturday, July 31, 2004 Time: All Day July 31st is the due date for filing...
JacobsReport@yahoogro...
Jul 17, 2004 5:02 am
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QUESTION: I believe that where a corporation has both a net operating loss (NOL) and capital loss carryback the rule is that the Capital loss carryback must...
QUESTION: Here is a question I get a lot. I have foreign clients who have the following: 1. Single-member LLC or LLC taxed as a partnership. 2. Owned 100% by...
A subscriber sent me an email saying in effect that she was confused by my occasional discussions about domestic tax law because she expected that this email...
Dr. Robert (Bob) Munro, Professor of Law at the University of Florida College of Law, is co-author of "The Scottish Invention of America, Democracy and Human...
Two of the editorial advisors for Offshore Press have collaborated to produce a different kind of book about the subject of asset protection. The full name of...