QUESTION: Please clarify what it takes to be eligibile for a zero tax bracket. REPLY: Tax brackets refer to the range of taxable income subject to different...
QUESTION: I recently came across your webpage dealing with Reportable Transactions. (http://www.offshorepress.com/vkjcpa /disclosurerules.htm) With the recent...
QUESTION: I've heard that all winnings at various games at a casino are not considered the same and therefore some are not subject to tax as income. Is this...
QUESTION: When a Foreign Corporation sells a piece of real estate in the U.S., is that Corporation subject to Capital gains taxes and at what percentage....
QUESTION: I am interested in ordering your Controlled Foreign Corporation Tax Guide, but I would like to find out first if it addresses the following subjects...
We would like to remind you of this upcoming event. July 31st Tax Returns Due Date: Sunday, July 31, 2005 Time: All Day July 31st is the due date for filing...
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Jul 17, 2005 5:02 am
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I received the following observation from Richard Duke and it prompted me to recall some of my own experiences with people who were enamored with going...
We would like to remind you of this upcoming event. Form 1040 Due August 15th Date: Monday, August 15, 2005 Time: All Day August 15th is the due date for...
JacobsReport@yahoogro...
Aug 1, 2005 5:02 am
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QUESTION: I read your article in the June 2005 issue of the Tax Adviser (Reporting and Disclosing Foreign Financial Accounts) and found it very informative....
The main reason I have not been sending messages to this group for the past two weeks is because I've been tied up with preparing amended returns for a client...
The Truth about Cell Phones and the National Do Not Call Registry If you've received an e-mail telling you that your cell phone is about to be assaulted by...
If there are any members of this list who are using the Internet to market and distribute digital products, I need some help in finding a more reliable system...
QUESTION: A foreign grantor set up a grantor trust prior to September 19, 1995 and the trust meets the requirements for grandfathering under the 1996 Act....
QUESTION: I read with interest your comments on the requirements to file the Treasury Department's Foreign Bank A/c form. Do these requirements also apply to...
QUESTION: I notice the disclaimer at the bottom of your memos that the memo is not a covered opinion and can't be used to avoid potential penalties. What is a...
QUESTION: Could you please be more explicit on what "funds" fall into the PFIC (Passive foreign Investment Company) category - perhaps by way of example. I'm...
A great many of the memos that I write in The Jacobs Report are about restrictions and limitations on various attempts to avoid taxes. This is not because I...
We would like to remind you of this upcoming event. Sept. 15th - Form 1120 Due Date Date: Thursday, September 15, 2005 Time: All Day September 15th is the due...
JacobsReport@yahoogro...
Sep 1, 2005 5:02 am
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We would like to remind you of this upcoming event. Sept. 15th - 3rd Estimated Tax Payment Date: Thursday, September 15, 2005 Time: All Day September 15th is...
JacobsReport@yahoogro...
Sep 1, 2005 5:02 am
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The 4th OffshoreAlert Due Diligence Conference: International Research, Investigations, & Compliance Dates: Nov. 14-15, 2005 Location: Fontainebleau Resort,...
QUESTION: I am a US citizen and am interested in investing in offshore ETF's found at www.indexchange.com . I understand the dificulties in investing in...
QUESTION: Are there rules about how much money you hold in e bullion? Do you have to report over 10000 dollars in e bullion? DO you have to pay what rate for...
QUESTION: I believe I will qualify for the foreign earned income exclusion, but I will be living and working in a country where I will not be paying any taxes...
QUESTION: If a U.S. person uses an International Business Company (IBC) as a trustee of an offshore trust that is a US Grantor Trust and has a US Trustee, do...
Question: I've heard that the main reason why foreign trusts are popular for asset protection purposes is because the person who forms the trust can be both a...
The Sept. 27, 2005 issue of the International Wealth Protection Monitor has been posted to the Offshore Press paid subscriber's web site. The following are the...
The following comments were sent to me by a subscriber. Vern I attended a seminar presented by Ed Pankau in Denver a few years back. Bought his book "Hide...
We would like to remind you of this upcoming event. Oct. 15th Tax Return Due Date Date: Saturday, October 15, 2005 Time: All Day October 15th is the final due...
JacobsReport@yahoogro...
Oct 1, 2005 5:02 am
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QUESTION: I am trying to open an account in an offshore bank. Can you tell me .... 1. Whether any bank can request an inquiry of the source of my money? 2....
QUESTION: I am looking to invest as an individual and have see different HYIP and other private off-shore programs. As a US Citizen can I legally invest in...