COMMENT: You don't seem to get it! A lot of us are fed up with the high taxes and the mis-guided laws that blatantly disregard the Constitution. Why don't you...
QUESTION: What are the tax implications for an american citizen of buying exchange traded funds in another currency in an offshore account? REPLY: According...
QUESTION: An offshore promoter has told me that it is very unlikely the IRS would ever be able to find out who the beneficial owner is of a Panama foundation...
QUESTION: I have seen references in various newsletters that one method to legally save taxes offshore is by an investment into an offshore variable annuity....
I respond to questions in this "newsletter" on a time available basis, but I give priority to those who have subscribed to the International Wealth Protection...
QUESTION: I have a client whose tax lien has expired due to the statute of limitations <10 year>. The lien has the self releasing language but potential...
Last week I responded to the following question by stating that I would forward any information provided by other members of this list. QUESTION: I have a...
QUESTION: I am a paid subscriber, residing in Switzerland. Lately I have been experiencing some vexing problems due to my expatriate status. For instance, I...
QUESTION: Shown below is some advice I copied off the web from an attorney who is selling IBCs. His advice is interesting and goes against everything I thought...
QUESTION: I am a resident of USA. I have a mutual fund investment in India worth about $1,000.00,If I gift that Mutual fund to my brother who is resident of...
Everyone I know who has been to New Zealand says they want to return for another visit. So when David Tanzer asked me if I would be interested on helping him...
I have recently been asked to serve as one of a number of instructors for two avanced professional certification training programs. One is the Chartered...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal June tax due dates Thursday June 15, 2006 All Day (This event repeats...
JacobsReport@yahoogro...
Jun 8, 2006 5:05 am
356
This morning I got an email with aPayPal logo that almost got me to click on one of the links. I'veseen so many different phishing attempts that I rarely do...
Question: So the offshore option is available for US citizens that actually have real business overseas and not to the guy that only has a flower shop at Main...
QUESTION: If I wanted to attend that seminar you are promoting in New Zealand next December, could I deduct the fees and the travle costs? REPLY: The short...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal File Form TD F 90.22.1 Friday June 30, 2006 12:00 am - 1:00 am (This...
JacobsReport@yahoogro...
Jun 16, 2006 5:14 am
360
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal File Form TD F 90.22.1 Friday June 30, 2006 12:00 am - 1:00 am (This...
JacobsReport@yahoogro...
Jun 23, 2006 5:03 am
361
QUESTION: I just realized i need to file a Form TDF 90.22.1 for the tax year 2004 (i am filing the late 1040 soon), since i made money in online gambling...
QUESTION: Why is this the first year for which the penalty applies? What about reports due June 30, 2005 (violation after 10/22/04)? REPLY: Thanks. After some...
Note: The following comments are a reply to a question posed in memo # 350 (click on messages to see past memos) about the problem of buying U.S. mutual funds...
If you know someone who is retired and would like to make some extra income without having any time deadlines or other kinds of work pressure, I'm looking for...
QUESTION: My client, a non US person, has Nevis Trust with assets and wants to include certain US relatives and close friends as beneficiaries. He does not...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal July 31st Tax Returns Due Monday July 31, 2006 All Day (This event...
JacobsReport@yahoogro...
Jul 17, 2006 5:01 am
367
QUESTION: In foreign trusts, it is not unusual to give the trustee the authority to capitalize undistributed income (including capital gains). Does that in...
QUESTION: If I buy a piece of property overseas for personal use and I form a corporation (overseas) to hold the property, do I have any reporting requirements...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Form 1040 Due August 15th Tuesday August 15, 2006 All Day (This event...
JacobsReport@yahoogro...
Aug 1, 2006 5:03 am
370
I've received a barrage of emails from tax professionals on this list because of the recent reminder about the due date for Form 1040 and the form to use for...
QUESTION: Your CFC Tax Guide states that form 5471 is not required for foreign disregarded entities, which was my opinion also, but I have another practitioner...
QUESTION: If a US citizen transfers equities from his own name to an offshore trust or offshore annuity is he liable for capital gains tax or any other taxes? ...