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...
551
Vernon K. Jacobs
vernjacobs
Feb 8, 2008 4:30 pm
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...
550
Vernon K. Jacobs
vernjacobs
Feb 5, 2008 4:21 pm
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...
549
Vernon K. Jacobs
vernjacobs
Jan 29, 2008 6:13 pm
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...
548
Vernon K. Jacobs
vernjacobs
Jan 29, 2008 5:38 pm
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...
547
Vernon K. Jacobs
vernjacobs
Jan 25, 2008 4:12 pm
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...
546
Vernon K. Jacobs
vernjacobs
Jan 23, 2008 9:41 pm
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...
545
Vernon K. Jacobs
vernjacobs
Jan 23, 2008 7:25 pm
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...
544
Vernon K. Jacobs
vernjacobs
Jan 22, 2008 11:20 pm
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...
543
Vernon K. Jacobs
vernjacobs
Jan 21, 2008 5:37 pm
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...
542
Vernon K. Jacobs
vernjacobs
Jan 18, 2008 4:36 pm
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...
541
Vernon K. Jacobs
vernjacobs
Jan 17, 2008 4:44 pm
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....
540
JacobsReport@yahoogro...
Jan 17, 2008 5:58 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Thursday January 31, 2008 ...
539
Vernon K. Jacobs
vernjacobs
Jan 16, 2008 4:18 pm
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...
538
Vernon K. Jacobs
vernjacobs
Jan 14, 2008 4:29 pm
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...
537
Vernon K. Jacobs
vernjacobs
Jan 14, 2008 4:08 pm
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...
536
Vernon K. Jacobs
vernjacobs
Jan 11, 2008 7:24 pm
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...
535
Vernon K. Jacobs
vernjacobs
Jan 11, 2008 7:07 pm
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 ...
534
Vernon K. Jacobs
vernjacobs
Jan 9, 2008 5:49 pm
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...
533
Vernon K. Jacobs
vernjacobs
Jan 8, 2008 9:58 pm
QUESTION: Have just purchased your Controlled Foreign Corporation Tax Guide and am wondering whether, in your mind, fees and commissions for raising capital...
532
Vernon K. Jacobs
vernjacobs
Jan 7, 2008 4:18 pm
QUESTION: I have recently established an Offshore APT for my liquid assets. Its for both asset protection and to have access to international investing...
531
Vernon K. Jacobs
vernjacobs
Jan 3, 2008 9:28 pm
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...
530
JacobsReport@yahoogro...
Jan 1, 2008 5:55 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 15th - 4th Quarterly Due Date Tuesday January 15, 2008 All Day ...
529
Vernon K. Jacobs
vernjacobs
Dec 26, 2007 4:35 pm
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...
528
JacobsReport@yahoogro...
Dec 26, 2007 5:56 am
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...
527
Vernon K. Jacobs
vernjacobs
Dec 21, 2007 7:21 pm
Merry Christmas …. Felice Navidad …. Joyeux Noel …. Froehliche Weihnachten … Glaedelig Jul …. Mele Kalikimaka … Shinnen omedeto Happy New Year …...
526
JacobsReport@yahoogro...
Dec 21, 2007 5:56 am
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...
525
Vernon K. Jacobs
vernjacobs
Dec 17, 2007 5:56 pm
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...
524
Vernon K. Jacobs
vernjacobs
Dec 13, 2007 5:51 pm
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...
523
Vernon K. Jacobs
vernjacobs
Dec 12, 2007 4:27 pm
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....
