QUESTION: One of the stocks I am researching is WNS holdings (Ticker : WNS). The company's risk statement says that they may be deemed as a PFIC (Passive...
QUESTION: Concerning a foreign situs trust with a U.S. beneficiary, most of the accountants I deal with prepare Forms 3520A, 3520 and 1041. The 1041 is a...
Presumably, you have an interest in offshore financial matters or you would not be a member of this Yahoo Group. And you have most likely seen a lot of answers...
QUESTION: If HYIP investments are legal in the US, how is it possible to file and pay taxes on the capital gain obtained by offshore HYIPs? Form 1040 line 21...
On December 7, 2007 at Caesars Palace in Las Vegas, Richard Duke will provide a plain English explanation of the complex tax rules that apply to U.S. persons...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Oct. 15th Tax Return Due Date Monday October 15, 2007 All Day (This...
JacobsReport@yahoogro...
Oct 1, 2007 5:04 am
501
QUESTION: I've been reading a lot of the material on your web site and a number of other web sites. And I've asked for advice from a variety of professionals...
QUESTION: I saw your post on the Tax Almanac web site and had a question on foreign corporations. My client's California LLC decided to branch out into Canada....
QUESTION: Why don't you discuss some ways to avoid taxes in this forum? All you ever do is to pass on the IRS propoganda about what forms to file and when. And...
I've been pre-occupied with getting some tax returns done before the September 15th deadline (for corporations) and the October 15 deadline (for individuals,...
The IRS announced tax relief for Texas taxpayers in the Presidential Disaster Area that was struck by Tropical Storm Erin on Aug. 14, 2007. The disaster area...
QUESTION: Where can I get information on setting up a foreign irrevocable trust? If I set up such a trust and file the gift tax return, is there any future US...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Form 720 Premium Excise Tax Wednesday October 31, 2007 8:00 am - 4:00...
JacobsReport@yahoogro...
Oct 17, 2007 12:55 pm
508
QUESTION: Are there any tax strategies for copyright ownership? Such as owning the copyright in one corp. and producing and distributing the book/manual in...
QUESTION: My client is both a US and an Italian citizen. He resides, works and pays taxes in the US. His mother, who resides in Central America, is an Italian...
QUESTION: I have a client who is setting up an investment fund in Bulgaria, which will have some US shareholders, and will definitely meet the definition of a...
QUESTION: Most mutual funds in India are now partnerships with US companies like Merrill, Prudential, etc. and actively buying/selling shares in the Indian...
QUESTION: Are foreighn incorparted corparations allowed to own property in the united states? i.e. planes, cars,boats, homes etc etc? Also are foreighn...
QUESTION: Thanks again for your informative reports. I am although disappointed as I am still waiting for query sent days ago. Are just promoting your site by...
QUESTION: I have a client who recently got a $2.5 million judgment against him. He has around $1.5 million in airplanes in a 501 (c) (3) corporation that is...
QUESTION: One of your articles states that the proceeds of an annuity are protected from creditors in the state of Colorado. But I can't find any lawyers who...
Question: Has anyone had any experience with late-filed Form 5471 (or some of the other more obscure information forms) using a Form 1040X as a vehicle? Is...
QUESTION: On the topic of passive foreign investment companies (PFICs), wouldn't it be possible to avoid the draconian PFIC regulations by holding these...
The following is a response to the memo I sent out a couple of days ago about using to an IRA to purchase shares of a passive foreign investment company or...
The following comments were submitted in response to the last memo that raised a question about why anyone in the U.S. would want to invest in a foreign mutual...
I frequently don't sign up for tax conferences in advance because I want to see if there are any conflicting obligations to clients. With rare exceptions, I'm...
QUESTION: I am looking for a compliance guide for a US individual, who is a non-resident citizen, reporting of foreign partnership income. The person is a...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Dec. 15th - Final Corporate Estimated tax Saturday December 15, 2007 ...
JacobsReport@yahoogro...
Dec 1, 2007 1:55 pm
523
QUESTION: I will soon be operating a branch office in the Country of Switzerland. I currently have an LLC(Delaware) with my home office in Arlington Virginia....
QUESTION: I have an IBC in Panama. It is not an SA corporation. I set it up for the express purpose of using it a way to access offshore investments and as a...
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