QUESTION: Is an exchange traded fund (ETF) based on a foreign index fund that can be bought and sold on a major U.S. stock exchange treated as a PFIC or as an...
Yesterday, I posted a memo discussing the tax issues relating to exchange traded funds or ETFs. I commented that I had not been able to find any information as...
QUESTION: What if one bought such an ETF (or other foreign mutual fund for that matter) and held it less than a year? Wouldn't that be a way around the...
The International Wealth Protection Monitor is an email and web based newsletter for paid subscribers to the International Wealth Protection Library (See...
QUESTION: Vern, I got an interesting question from a client. He wanted to know if a trust can be sold. His idea was to form an irrevocable grantor offshore...
QUESTION: What happens when a grantor of a foreign trust dies? I am referring to a foreign grantor trust that does not have a US Trustee. Section 679(a)(1) of...
I received a memo from a person who seems to share what is a very common myth about the U.S. tax treatment of offshore investments. Here are excerpts of the...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Dec. 31st - Final Est. State Tax Saturday December 31, 2005 All Day ...
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Dec 17, 2005 6:02 am
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QUESTION: I found your address on your web site and used a search engine to locate Prairie Village, Kansas -- which it turns out is on the border of Kansas...
QUESTION: I am a California resident (not US citizen, but permanent resident) considering to invest in a friend's startup company in China. The investment is...
QUESTION: We are about to launch a Int'l Trade Escrow/Trust and Investor Services company, we are convinced that Panama is one of the best places to do so. I...
First, I'd like to wish all of you a belated Merry Christmas and a hope for a healthy and fulfilling new year in 2006. Second, if you haven't been to the...
QUESTION: Is there anyway to earn money here in the usa and pay zero income tax without any problem? Also who is Irwun Sciff? I see his website. Is he...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Jan 15th - 4th Quarterly Due Date Sunday January 15, 2006 All Day ...
JacobsReport@yahoogro...
Jan 1, 2006 5:59 am
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Welcome to the new year of 2006. We have a lot of new members and it's been more than a year since I discussed the terms of service for this free email...
QUESTION: I have read it is possible to invest my IRA offshore. Currently I know of only one organization that can do this. I'd like to "shop around". Do...
QUESTION: Would a private annuity be an appropriate strategy for an 82 yr. old, poor health, short life span individual with a significant, substantially...
QUESTION: I just finished reading your editorial in the Sovereign Society Email (Dec 26) wherein you mentioned the potential to obtain Canadian citizenship....
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Tuesday January 31, 2006 ...
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Jan 17, 2006 6:03 am
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QUESTION: I was recently told by a CPA that he heard that the IRS was going to crack down on the use of offshore private annuities. Have you heard anything...
QUESTION: I have a question regarding form 5471. If a U.S. citizen acquires more than 10% but less than 50% of a foreign corporation and the rest of the...
QUESTION: I expect to come into a sizeable sum of money - maybe $100-200,000 - from the sale of property and I want to protect it from U.S. capital gains taxes...
SUGGESTION: Your web site states that you welcome suggestions on how to improve your web site. Here's my suggestion. Create a list of domestic tax preparers...
Comment: Vern – as I am clearing out my emails today, I found this one. If only I would have remembered seeing it when my father was, in retrospect,...
The Jan. 31, 2006 issue of USA today had a story about an email worm that is designed to delete microsoft files on the 3rd of each month. You might want to be...
QUESTION: I am an American citizen presently residing as a retiree in France (and because I just got married to a French citizen). I trade stocks through the...
QUESTION: I have reviewed many of the articles in your web site and am unsure if what I have read exactly matches my situation. I have money invested offshore...
QUESTION: Do you know if a Nevis or other offshore LLC can file Form 8832 to have the LLC elect corporate status and then file Form 2553 to have the LLC elect...
