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...
435
JacobsReport@yahoogro...
Feb 14, 2007 6:03 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Feb. 28th Due Date for Information Returns Wednesday February 28, 2007 ...
436
Vernon K. Jacobs
vernjacobs
Feb 16, 2007 5:11 pm
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...
437
Vernon K. Jacobs
vernjacobs
Feb 21, 2007 11:39 pm
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...
438
Vernon K. Jacobs
vernjacobs
Feb 24, 2007 8:52 pm
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...
439
Vernon K. Jacobs
vernjacobs
Feb 26, 2007 4:03 pm
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...
440
JacobsReport@yahoogro...
Mar 1, 2007 6:02 am
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...
441
Vernon K. Jacobs
vernjacobs
Mar 12, 2007 4:11 pm
QUESTION: If an individual invests directly in foreign stocks purchased through foreign exchanges (passively), are there any international tax rules that would...
442
Vernon K. Jacobs
vernjacobs
Mar 13, 2007 4:46 pm
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...
443
Vernon K. Jacobs
vernjacobs
Mar 14, 2007 2:46 pm
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) ...
444
Vernon K. Jacobs
vernjacobs
Mar 14, 2007 3:14 pm
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...
445
Vernon K. Jacobs
vernjacobs
Mar 15, 2007 3:52 pm
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...
446
Vernon K. Jacobs
vernjacobs
Mar 15, 2007 4:37 pm
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...
447
Vernon K. Jacobs
vernjacobs
Mar 26, 2007 3:55 pm
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...
448
JacobsReport@yahoogro...
Apr 1, 2007 5:04 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal April 15th Tax Returns Sunday April 15, 2007 All Day (This event...
449
JacobsReport@yahoogro...
Apr 1, 2007 5:04 am
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 ...
450
Vernon K. Jacobs
vernjacobs
Apr 3, 2007 2:44 pm
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...
451
Vernon K. Jacobs
vernjacobs
Apr 11, 2007 3:18 pm
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...
452
Vernon K. Jacobs
vernjacobs
Apr 14, 2007 6:30 pm
QUESTION: Your controlled foreign corporation book says that passive income includes interest, dividend, capital gain, etc. However, on the IRS web site ...
453
Vernon K. Jacobs
vernjacobs
Apr 16, 2007 2:59 pm
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...
454
Vernon K. Jacobs
vernjacobs
Apr 16, 2007 4:23 pm
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...
455
Vernon K. Jacobs
vernjacobs
Apr 30, 2007 9:02 pm
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...
456
JacobsReport@yahoogro...
May 1, 2007 5:01 am
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...
457
Vernon K. Jacobs
vernjacobs
May 1, 2007 8:28 pm
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) ...
458
Vernon K. Jacobs
vernjacobs
May 3, 2007 7:40 pm
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....
459
Vernon K. Jacobs
vernjacobs
May 8, 2007 4:52 pm
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,...
460
Vernon K. Jacobs
vernjacobs
May 14, 2007 7:02 pm
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...
461
Vernon K. Jacobs
vernjacobs
May 17, 2007 9:18 pm
Richard Duke and I have finished an extensive expansion and update of our Controlled Foreign Corporation Tax Guide. We would welcome and appreciate review...
462
Vernon K. Jacobs
vernjacobs
May 21, 2007 7:09 pm
On Friday I posted an offer to send up to 20 free digital review copies of the new 3rd Edition of the Controlled Foreign Corporation Tax Guide. Within less...
463
Vernon K. Jacobs
vernjacobs
May 29, 2007 10:18 pm
QUESTION: I am one of 3 managing partners in a family owned corporation whose assets are entirely in real estate, including farms, residential and commercial...
