QUESTION: Having just read your words concerning companies who incorporate offshore to lower their tax burden, would you take a moment to explain the following...
QUESTION: I have a foreign currency account in a foreign bank. At year end the account had increased in value in dollar terms but I maintained the account in...
QUESTION: I thoroughly searched the archives of this group and found nothing on the Sarbanes-Oxley Act of 2002. I would think the global reaches of this act...
QUESTION: If a US citizen is a beneficiary of a Foreign Foundation (non-US foundation), are there any tax laws requiring reporting of this fact like there is...
QUESTION: I saw your last article about foreign trust vs foundation. Do the IRS regs use the terminology "foundation" along Trusts? If I "founded" a...
Michael Jay Shidler, a Denver tax attorney, was indicted for tax evasion and conspiracy to defraud the United States. According to Tax Analyst, "The indictment...
We would like to remind you of this upcoming event. Sept. 15th - Form 1120 Due Date Date: Wednesday, September 15, 2004 Time: All Day September 15th is the due...
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Sep 1, 2004 5:03 am
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We would like to remind you of this upcoming event. Sept. 15th - 3rd Estimated Tax Payment Date: Wednesday, September 15, 2004 Time: All Day September 15th is...
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Sep 1, 2004 5:03 am
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QUESTION: I am a US citizen and live and work in Hong Kong for over ten years. Every year I file my tax return to the IRS and did not pay any US taxes....
Welcome to the new subscribers who have joined this list recently. The number of subscribers to this opt-in newsletter is now at 500, an increase of almost 80...
The recent cycle of hurricanes in the Southeast should be a wake-up call to remind the rest of us that we can't get insurance when a category five hurricane is...
COMMENT: I think that it is IRS 7601.31.b. re: Foreign trusts in which it says that earnings from a foreign trust which have no domestic activity, are not...
The Congress has recently passed a new tax law to extend a number of expiring provisions and to provide relief to military families in combat zones. The...
We would like to remind you of this upcoming event. Oct. 15th Tax Return Due Date Date: Friday, October 15, 2004 Time: All Day October 15th is the final due...
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Oct 1, 2004 5:02 am
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QUESTION: I was told in Hurricane Ravaged Areas such as Florida the October 15th tax return filing deadline (mentioned in your recent reminder memo) has been...
President Bush signed the "Working Families Tax Relief Act of 2004" ( HR 1308)into law on Oct. 4, 2004. The President's signature provides the effective date...
QUESTION: You mention numerous times "US persons" are taxed by the US government. Since I am not a "US person" but an American, I cannot be taxed by the US...
A few days ago, I mentioned that legislation to repeal the Foreign Sales Corporation & Extraterritorial Income Exclusion (FSC/ETI) Act had been bogged down in...
On Oct, 11, the Senate, by a vote of 69-17, approved H.R. 4520, the "American Jobs Creation Act of 2004" (AJCA), clearing the way for the President's expected...
QUESTION: Do you have knowledge of a website (or other service) that evaluates offshore funds (non-USD denominanted) in the way that Morningstar does here in...
About a week ago, I invited members of this list to respond to a question about information resources for analyzing and evaluating offshore fund investments. ...
Shortly after passing the Working Families Tax Relief Act (WFTRA) of 2004 in late September, the House and Senate passed a compromise bill to repeal the...
QUESTION: What are the tax consequences of a US corporation owning an offshore corporation? REPLY: In my office, I have a book that is about 800 pages and most...
I received the following offer for a substantial discount on a seminar registration but the deadline is Oct. 31st. Vern ... Dear Mr. Jacobs The International...
Larry Grossman, an international investment advisor has submitted suggestions on how to locate foreign mutual funds and how to evaluate them. See the updated...
I've just finished an extensive expansion of my article on year end tax planning. It is now a 35 page report that describes how to legally reduce taxes with...
If you are a tax professional, I'd like to get better acquainted with you. From time to time, I get requests for referrals to tax lawyers or tax accountants in...
I've just finished an extensive expansion of my article on year end tax planning. It is now a 35 page report that describes how to legally reduce taxes with...
On October 22, 2004, President Bush signed into law H.R. 4520, the American Jobs Creation Act of 2004 (AJCA). This is a very large tax bill in terms of the...