QUESTION: As far as I understand, a Panama S.A. corporation can not file 8832 to be a disregarded entity and is hence subject to ordinary income taxes on...
I would appreciate some help from members of this list who are professionals in web marketing. Specifically, I'm trying to find a method of identifying the...
QUESTION: Can an IBC make an election to be treated as a disregarded entity by the IRS? REPLY: Probably. For those not familiar with the election to be treated...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Feb. 28th Due Date for Information Returns Wednesday February 28, 2007 ...
JacobsReport@yahoogro...
Feb 14, 2007 6:03 am
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QUESTION: My grandfather was a citizen of the Cayman Islands. He established a trust fund for me with me as beneficiary. I have decided to keep the majority of...
I had an inquiry today asking if I knew of any seminars or workshops on the tax treatment of U.S. employees who are thinking about taking an offshore...
QUESTION: Your service seems to just be about how to toe the party line and do what the IRS says. Why don't you share some tips and ideas on how to not pay...
QUESTION: A US Company pays a Foreign National (Non US resident/citizen person) for work done in a Foreign Country, say Germany. Do US company withhold on...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal March 15th Due Dates for Forms Thursday March 15, 2007 All Day (This...
JacobsReport@yahoogro...
Mar 1, 2007 6:02 am
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QUESTION: If an individual invests directly in foreign stocks purchased through foreign exchanges (passively), are there any international tax rules that would...
If you need more time to file a corporate tax return or the Form 3520-A for a foreign trust, you can get an automatic six month extension by sending in Form...
The following is in response to my comments yesterday about how to prove that an extension form or tax return was put in the mail on a timely basis. (Vern) ...
QUESTION: If someone (US citizen) invests in a privately held investment company in Europe, keeps the proceeds from the investment company in a European bank...
The March 15th issue of the International Wealth Protection Monitor included an article by Bob Bauman (Editor of the Sovereign Society A-Letter) in which he...
There seems to be a huge amount of non-sense and some outright deception about the impact of tax havens and the alleged abuse of tax havens. The following...
It's been about two weeks since I've sent any memos to this group and I'll be about as busy as a long tailed cat in room full of rocking chairs for the next...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal April 15th Tax Returns Sunday April 15, 2007 All Day (This event...
JacobsReport@yahoogro...
Apr 1, 2007 5:04 am
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Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal April 15th - 1st Estimated Tax Due Date Sunday April 15, 2007 All Day ...
JacobsReport@yahoogro...
Apr 1, 2007 5:04 am
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The due date for the Federal form 1040 and the first estimated tax payment for 2007 this year is Tuesday, April 17th. The 15th falls on a Sunday, which would...
QUESTION: I've just discovered that a Panama corporation that I formed is treated as a controlled foreign corporation and that I have to file a Form 5471 for...
QUESTION: Your controlled foreign corporation book says that passive income includes interest, dividend, capital gain, etc. However, on the IRS web site ...
QUESTION: I established a Family Foundation and IBC in Panama in 2006. I have the legal incorporation documents sent to me by the company I worked with in...
QUESTION: It was brought to my attention by another CPA that income earned overseas is only taxed when brought back to the US. Is this correct? I have never...
QUESTION: Of the many, many books on the market dealing with asset protection, can you list the few, Mr. Jacobs, that in your view have some merit? REPLY: If...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal May 15th Due Date for Exempt Organizations Tuesday May 15, 2007 All Day...
JacobsReport@yahoogro...
May 1, 2007 5:01 am
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The following is a correction to the automated due date reminder notice that was sent yesterday regarding the filing date for the Form 990 for trusts. (Vern) ...
QUESTION: I live in New Jersey and work in Angola on a 28/28 rotation cycle. My fiance works in NJ and we live there together in a home that we jointly own....
QUESTION: I recently purchased your book for a specific item I wanted to check on regarding foreign currency gains/losses. I did not find this in the book,...
QUESTION: I plan to become a partner with a business associate with an LLC formed in the U.S. However I would prefer not to be listed directly with this...
Richard Duke and I have finished an extensive expansion and update of our Controlled Foreign Corporation Tax Guide. We would welcome and appreciate review...
