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....
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JacobsReport@yahoogro...
Jan 17, 2006 6:03 am
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Tuesday January 31, 2006 ...
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...
QUESTION: Have you previously written about the tax sale consequences of selling either bullion or numismatic coins? And do these rules apply to e-gold and...
COMMENT: A friend told me about a way to avoid corporate state income taxes by incorporating in Nevada and then transferring my Alabama corporation stock to...
QUESTION: So are you implying that a Nevada State Corp. is not a good tax saving vehicle? REPLY: A Nevada corp can reduce state income taxes if the business...
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JacobsReport@yahoogro...
Feb 14, 2006 6:00 am
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Feb. 28th Due Date for Information Returns Tuesday February 28, 2006 ...
One of the CPAs on this list reminded me that the due date for delivering the W-2 form to employees and the 1099 forms to income recipients is January 31st and...
QUESTION: A US person is the sole owner of a VA based, LLC and the sole owner has made the check the box election to disregard the entity. Income and loss has...
Comment from a member of the list: "Thanks for all the important info. that you send out to us. I cannot speak for everyone, but I am very grateful for your...
QUESTION: I was paid by a foreign Company I worked for in the Caribbean by wire transfer for approximatley 2,500 a month. I worked remotley here from the US....
If you live in or near Ft. Lauderdale, Florida, this message might be of interest to you. I'm looking for someone who would like to help me organize a half day...
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JacobsReport@yahoogro...
Mar 1, 2006 6:05 am
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal March 15th Due Dates for Forms Wednesday March 15, 2006 All Day (This...
QUESTION: What is the U.S. tax liability of green card holder working abroad in a 25% income tax country (with no Cap gains tax) which has a US tax treaty? He...
I received the following comments in response to my reply to a question about the tax treatment of a green card holder (permanent resident of the U.S.) Vern: ...
Thanks to one of the members of this list for helping me to locate a facility to hold a half day workshop on asset protection and offshore tax developments on...
QUESTION: I am hoping you can point me in the right direction. I live in the US and belong to a couple of private investment clubs outside the US. I am trying...
For those of you who usually file a Form 7004 for a four month automatic extension of time to file your corporate form 1120, the old extension form has a new...
It looks like the people who have signed up for my informal workshop on asset protection and international taxes will have a lot of time to talk with myself...