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? ...
On or about the 10th of September, I will have to make a decision about whether to proceed with the Symposium in New Zealand in early December. In order to...
In response to my comments about asset transfers to a foreign trust, I received the following memo from David Tanzer, Esq. David is the co-host of the New...
We The People of the United States... As long time members of this list are aware, I hardly ever pass on quotations, humor or folklore to this list. But I was...
Please ignore the automatic calendar reminder about the former 8/15 due date for the form 1040. I thought I had deleted it, but obviously didn't. Vern Jacobs...
We only need six more early-bird reservations for the Escape to New Zealand Symposium in Auckand, NZ on Dec. 4-6, 2006. So here is a very limited offer If you...
QUESTION: I'm a UK/US dual citizen moving to the UK (I'll probably be domiciled there) and I want to find UK investments that are not punitive with US...
Note: The following is a three part question from a CPA and it includes references to a number of tax terms and code sections that would take a lot of time...
For those of you have an interest in visiting New Zealand, the three day symposium I am co-hosting in early December will provide ample time in the afternoons...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Sept. 15th - Form 1120 Due Date Friday September 15, 2006 All Day ...
JacobsReport@yahoogro...
Sep 1, 2006 5:01 am
382
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Sept. 15th - 3rd Estimated Tax Payment Friday September 15, 2006 All...
JacobsReport@yahoogro...
Sep 1, 2006 5:07 am
383
One last reminder about the $450 discount for early reservations on our New Zealand Symposium on Dec. 4, 5 & 6, 2006. We have enough people to proceed, if...
QUESTION: I have a single-member Nevis LLC that elected to be disregarded. This LLC invested in an IBC which is a PFIC 1291 Fund (no QEF election) and received...
QUESTION: I am invested in a foreign partnership that pays monthly advances on quarterly dividends. I reinvest these dividends back into the partnership. I...
For the benefit of anyone who might have been thinking about attending the Escape to New Zealand Symposium in Auckland, NZ, I regret that we had to cancel the...
On the bottom fold of the front page of USA Today (9/14/06), the headline says, "Offshore Tax Shelters Not Just for the Rich". But then the first four...
QUESTION: In your memo about the USA Today article on offshore tax evasion, you mentioned that there is a web site (www.alexa.com) where you can look at...
QUESTION: I bought your CFC book a few years ago. I have tried to post a question but it keeps getting returned as undeliverable. I have posted it below: From...
My reply to the question yesterday about the tax filing requirements for a resident alien prompted the following responses. These comments were written for the...
The Jacobs Report is intended mainly to provide non-technical explanations of the U.S. tax treatment of various cross border transactions, investments,...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Oct. 15th Tax Return Due Date Sunday October 15, 2006 All Day (This...
JacobsReport@yahoogro...
Oct 1, 2006 5:31 am
394
QUESTION: I have just left my company and I have $175,000 in my savings and investment account.It there any was to transfer that money in an offshore account...
