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
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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...
QUESTION: First, when forming a Nevis LLC at the start of the new year, if the intent is to treat it as a pass through entity by filing a form 8832, by what...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Deadline to Set up Keogh Plan Monday December 31, 2007 12:00 am - 1:00...
JacobsReport@yahoogro...
Dec 21, 2007 5:56 am
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Merry Christmas …. Felice Navidad …. Joyeux Noel …. Froehliche Weihnachten … Glaedelig Jul …. Mele Kalikimaka … Shinnen omedeto Happy New Year …...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Deadline to Set up Keogh Plan Monday December 31, 2007 12:00 am - 1:00...
JacobsReport@yahoogro...
Dec 26, 2007 5:56 am
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Some of you are already subscribers to the Offshore Press International Wealth Protection Library and Newsletter but many are not. I'm giving subscribers an...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 15th - 4th Quarterly Due Date Tuesday January 15, 2008 All Day ...
JacobsReport@yahoogro...
Jan 1, 2008 5:55 am
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QUESTION: As a email subscriber and neighboor(Shawnee, Ks.) I would I like to know your thoughts on (Federal Contract Trusts) if any. Are they worth...
QUESTION: I have recently established an Offshore APT for my liquid assets. Its for both asset protection and to have access to international investing...
QUESTION: Have just purchased your Controlled Foreign Corporation Tax Guide and am wondering whether, in your mind, fees and commissions for raising capital...
Starting in 2008, your tax preparer is likely to insist that your return should include a document (Form 8275) to disclose to the IRS any return position...
Comment: I paid for two years but I cannot post to this group Reply: This is a moderated list. Members of this list who have a question can send it to me at ...
QUESTION: Please help. I changed some of my dollars for Euro's. What is the gain? Capital gain or regular gain? What is the rate of tax? REPLY: The purchase...
In a response to a reader who asked about the U.S. tax on currency gains or losses, I mentioned that the maximum rate on long term gains for 2008 would be zero...
QUESTION: I am a U.S. citizen self-employed in Panama. In 2007 I set up a Roth Solo 401(K) plan, as my business has no employees other than myself. However, I...
The following deals with my response to a question about whether a self-employed person whose earnings are eligible for the foreign earned income exclusion is...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Thursday January 31, 2008 ...
