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....
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...
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...
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 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: 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: Having just read your words concerning companies who incorporate offshore to lower their tax burden, would you take a moment to explain the following...
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...
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...
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...
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...
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...
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...
Since I gave recognition to an attorney-cpa who agreed with me regarding the practical problems of distinguishing between entity formation services and closely...
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 ...
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...
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...
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...
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...
QUESTION: I purchased your "Controlled Foreign Corporation Tax Guide", second edition, because I have a new client, which has the following relationships with...
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...
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,...
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...
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...
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: 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: 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: 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...
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,...
