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...
JacobsReport@yahoogro...
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...
We would like to remind you of this upcoming event. Feb. 28th Due Date for Information Returns Date: Monday, February 28, 2005 Time: All Day Feb. 28th is the...
JacobsReport@yahoogro...
Feb 14, 2005 6:02 am
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QUESTION: An offshore trust must be reported to the U.S. gov't along with the beneficiaries. Isn't a Panama foundation better, no reporting requirements. Also...
Because of my extensive exposure on the Internet, I've been receiving a number of inquiries about helping people with their tax returns. For those who are...
QUESTION: I own a minority interest in the common stock of a Canadian corporation. Am I required to file any special tax forms? REPLY: Maybe. If a US person...
We would like to remind you of this upcoming event. March 15th Due Dates for Forms Date: Tuesday, March 15, 2005 Time: All Day March 15th is the due date for...
JacobsReport@yahoogro...
Mar 1, 2005 6:02 am
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QUESTION: What kind of expert advice can I seek for asset protection. You seem to give a lot of negative reviews but as I look at some of your suggested links,...
Yesterday someone asked me why I focus on bad news and today I got an inquiry that provides an answer to that question. This individual sent me an email...
With few exceptions, one of the goals of a sound asset protection plan is to avoid having to apply for bankruptcy protection. However, there are some...
A few days ago, I received an inquiry from a person who is seeking an asset protection advisor to help him set up an offshore asset protection structure with...
If you want to file a joint return with a spouse who is unable to sign due to injury or illness, the IRS offers an interesting "catch 22" solution. They...
QUESTION: I have a Nevis LLC that I had formed in January of 2004 to use for investments in international hedge funds. I am trying to figure out how to...
Richard Duke, co-author with me of the Offshore Tax Manual and a number of tax reports, sent me an email stating that a person with a foreign LLC may have to...
Vern: Regarding your reply to the person who asked about the filing requirements for a foreign LLC that was invested in hedge funds, it seems that the Form...
We would like to remind you of this upcoming event. April 15th Tax Returns Date: Friday, April 15, 2005 Time: All Day April 15th is the due date for individual...
JacobsReport@yahoogro...
Apr 1, 2005 5:02 am
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We would like to remind you of this upcoming event. April 15th - 1st Estimated Tax Due Date Date: Friday, April 15, 2005 Time: All Day April 15th is the first...
JacobsReport@yahoogro...
Apr 1, 2005 5:02 am
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QUESTION: Vern, our CPA firm has had two clients in the last couple of weeks who have received IRS notices about the filing of Form 3520-A for 2003. Each...
