Dear Friends and Subscribers: A couple of years ago, I wrote an article asking if anyone knew what triggered the turn around in the prohibition of alcohol --...
Dear Subscribers: My work schedule has been extremely busy since late last year but I neglected to send an announcement that I would be suspending the issuance...
By now you must have heard that the House and Senate have approved a compromise tax bill that is expected to be signed by President Bush before the end of May...
A somewhat recent development in web technology is the ability to do financial calculations through a web site (using a java script.) I recently came across an...
Marc Harris is a former US accountant who had moved to Panama and had developed a very large offshore financial enterprise. He has been the subject of...
If you haven't already taken care of your second quarter estimated tax payment, it will be due on Monday, June 16th. The due date is the same for personal and...
We would like to remind you of this upcoming event. File Form TD F 90.22.1 Date: Monday, June 30, 2003 Time: 12:00AM - 1:00AM CDT (GMT-05:00) If you or a...
JacobsReport@yahoogro...
Jun 16, 2003 5:02 am
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QUESTION: A reader asked, "Just curious if this rule (for filing Form TD F 90-22.1) would apply to a foreign annuity, such as a swiss annuity." REPLY: The...
We would like to remind you of this upcoming event. File Form TD F 90.22.1 Date: Monday, June 30, 2003 Time: 12:00AM - 1:00AM CDT (GMT-05:00) If you or a...
JacobsReport@yahoogro...
Jun 23, 2003 5:02 am
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If you ever wonder why most tax professionals can't seem to remember the various deductions, credits and other tax variables, it's not due to dementia. It's...
The Jobs and Growth Tax Relief Reconciliation Act of 2003 will have a dramatic impact on investors. "New Tax Angles for Investors" by Vernon Jacobs, is a...
Forget about how the new tax law favors the rich. The real break goes to those who are at the bottom of the income brackets – specifically those in the 10%...
Here is another litigation opportunity for the plaintiff's trial lawyers. For now, this issue only affects large companies, but the legal issues have nothing...
The following link is to a PDF file describing IRS Notice 2003-34 which explains their position regarding the use of a foreign insurance company (with minimal...
During periods of low inflation, when interest rates are also low, a lot of retirees are easy marks for those who make preposterous claims of high rates of...
Some investors are hoping we may soon see a resurgence of higher interest rates. They should be hoping that interest rates will remain low. Here's why. Many...
Dear Subscribers: During a large part of this year, I have been tied down with an assortment of tax return deadlines that kept me from taking the time to...
QUESTION: I understand that Form 926 (Return by a U.S. Transferor of Property to a Foreign Corporation) is required where the U.S. owners of a foreign...
QUESTION: I enjoyed reading your article on Offshore Private Annuity contracts. If you could answer a question for me it would be great. When entering into a...
QUESTION: I have invested in a Swiss variable annuity which I understand is compliant with the U.S. rules for diversification and other tax rules. Is the...
QUESTION: I have been looking on your site for people who can help me to set up an offshore trust but I cannot find them. Can you give me a link, please. ...
QUESTION: Assume a U.S. citizen arranges to set up an irrevocable offshore trust. It will have an independent trustee. The taxpayer's children are the...
QUESTION: It seems that most of your memos are about how to comply with the IRS rules instead of how to beat the system. Why don't you share some information...
QUESTION: I bought your article "New Tax Angles for Investors". When looking at the free tax estimator that Proseries offers, it states that if you have a...
I've received a number of inquiries about ideas and suggestions for ways to save taxes for 2003 before the year is over. Rather than put the information into...
QUESTION: A Client who is a resident and citizen of the U.S. purchases a ranch house in Italy. The client will transfer title to a Limited Liability Company....
QUESTION: Could you please tell me whether losses in a 401K plan are deductible from taxes owed? I was 100% invested in the common stock of my employer...
QUESTION: Under what circumstances, if any, can a US citizen resident overseas establish an S-corp and get the foreign earned income exclusion on the...
The following press release was received from KYC News. I have had experience in helping three different clients who were victims of this huge Ponzi scheme. ...
