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...
It is about 2:00 pm Eastern Standard Time and Sen. Kerry is scheduled to make a concession speech in a short time. Meanwhile, President Bush recently signed...
QUESTION: We are soon to receive the proceeds from a probated estate. Do you have a conference call? Do you mail tapes covering your free discussion group? Is...
QUESTION: Let's say the dividend income of U.S. corporations is the non-resident alien's only U.S. source income. If the NRA files a non-resident tax return,...
If a self employed entrepreneur generates a profit equal to 20% of his or her gross sales, then $1 dollar of tax savings can be worth $5 in new sales revenue....
I just spent two days at a tax conference where a lot of the presentations were about the American Jobs Creation Act of 2004 (Jobs Act). One of the many...
It used to be possible for taxpayers to secure substantial protection against the possible imposition of various penalties for negligence or for intentional...
A bona fide resident of the USVI may be eligible for certain tax incentive programs that provide substantial tax savings. Sometimes, the savings could as much...
QUESTION: A client claims if he sets up an offshore corporation that is owned by a Panama foundation that the tax burden does not flow through to him. He is...
QUESTION: My partner and I are Canadian citizens and residents. We operate an Internet business through a U.S. LLC. Except for the Delaware resident agent of...
For those who wonder how the IRS manages to identify tax scams and schemes, the WSJ has just published an interesting article about a financial consultant who...
QUESTION: We are being sued for 150,000. ive been married to my husband for two years, the suit is from a promisary note to a former girlfriend of his. He says...
We would like to remind you of this upcoming event. Dec. 31st - Final Est. State Tax Date: Friday, December 31, 2004 Time: All Day The fourth and final...
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Chile: Feliz Navidad Chinese: (Cantonese) Gun Tso Sun Tan'Gung Haw Sun Dutch: Vrolijk Kerstfeest en een Gelukkig Nieuwjaar! English: Merry Christmas French:...
One of the many reasons why we have so many lawsuits in the US is because of all the laws that have been passsed that grant rights to various groups and...
We would like to remind you of this upcoming event. Jan 15th - 4th Quarterly Due Date Date: Saturday, January 15, 2005 Time: All Day January 15th is the due...
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Here is a response to my list of federal laws that impose civil liability and provide greater opportunity for predatory lawsuits. It concerns the Digital...
On Jan. 7, the President signed H.R. 241 into law. The new law permits taxpayers to claim a charitable contribution deduction in tax year 2004 for donations...
QUESTION: I am a member of the Sovereign Society and I was referred to your website the contents of which were most intriguing. Does this tax advice and asset...
QUESTION: When I clicked on the link for the tsunami relief charitble tax bill (HR 241), I received this error message: "Search results are only retained for a...
The President recently signed a new law (HR 241) that allows taxpayers to deduct contributions for tsunami relief in January 2005 as 2004 contributions....
QUESTION: My wife and I have a condo in Panama City Panama. We go down about 3 times a year for about 10 years. In the past My nephew had paid our monthly...
We would like to remind you of this upcoming event. Jan 31st - Due Date for Information Returns Date: Monday, January 31, 2005 Time: All Day January 31st is...
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Jan 17, 2005 6:02 am
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I thought this might be of some interest to those of you who were born before 1970. If you read it all, you will find that it does have some relevance to the...
QUESTION: With the changes made in recent tax legislation regarding S corps, can a foreign grantor trust with a U.S. grantor be a shareholder in an S Corp? ...
QUESTION: --Re the "all accounts held by the taxpayer...". Do you mean all accounts, or all foreign accounts?- REPLY: I should have said all FOREIGN...
QUESTION: How do wealthy people set up offshore accounts which avoids taxes in the U.S.? They have accounts that permit them to write checks, add to the...
QUESTION: You mentioned that variable annuities are taxed at the ordinary income rates and not at a long term Capital Gains rate. I was under the impression...
For more than 20 years I've been arguing with various people about the so-called Social Security Trust Fund and the eventual problem of paying back the...