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 ...
JacobsReport@yahoogro...
Jan 17, 2008 5:58 am
541
QUESTION: i am looking into possibly setting up an offshore trust, i am US citizen residing fulltime outside of US although my business is located in states....
QUESTION: I have a client who has an Educational Trust in the Cayman Islands. They want me to set up a bank account for this Trust to pay routine expenses and...
One of our attorney members added the following comments to my response about a CPA who was asked to pay bills for a foreign trust and to use her SSN as the...
QUESTION: If a Canadian citizen who is not a resident of the US owns a US LLC that puts on seminars in the US, and thus has US source income, is the Canadian...
The following is a follow up to my response to a question regarding the Candian tax treatment of owning an interest in a U.S. LLC. Vern I'm not an expert but I...
One of the most compelling motives people have to venture offshore is the promise of much greater privacy. But as I discuss the issue with clients and...
A reporter from Money Magazzine called me yesterday to ask about how some people are able to avoid taxes. We discussed tax exempt bonds, the $250,000 per...
QUESTION: On page 41 of your book "Legal Ways to Save Taxes", it says that a retirement savings plan can be a foreign trust and that the trust is exempt from...
QUESTION: I have a question regarding opening an account for a 2nd party under their name at a precious metals brokerage. I would have power of attorney and...
QUESTION: Do you know if your answer (about offshore pension accounts) applies to a SEP-IRA as well? My plan was for my one person California corporation to...
QUESTION: I'm currently dealing with a U.S. resident who owns 100% of a passive income Canadian CFC. We have prepared the necessary Form 5471. However, the CFC...
QUESTION: What forms are required when setting up a foreign trust and which forms are needed after the trust is established? Also what forms are needed to set...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Feb. 28th Due Date for Information Returns Thursday February 28, 2008 ...
JacobsReport@yahoogro...
Feb 14, 2008 5:58 am
554
QUESTION: Panama seems to be the hot topic these days. As a US person I have investigated 2 companies that offer forestry investments in Panama. These...
The following is a response to the previous Q&A on whether it's best to own an investment in Panama forestry directly in the namer of the ultimate owner or...
QUESTION: I have a Swiss Annuity. I paid my 1% tax on the Annuity on the 720 Form. Now I understand, even if the assets are not sold, I must pay tax each...
Here's another point of view regarding the issue of whether to own Panama real estate directly or through an entity like a corporation. (Vern) ... While Panama...
QUESTION: I am hoping you can point me in the right direction. I live in the US and belong to a couple of private investment clubs outside the US. I am trying...
QUESTION: Are there any offshore tax breaks for someone who is drawing Social Security and is still working? Because I'm working, 85% of my Social Security...
Here's another comment from a member of this group regarding the question of whether to hold Panama realty in the taxpayer's name or through an entity like a...
