QUESTION: if I purchase a Variable Whole Life Insurance Policy in a legitimate offshore insurance company, is that product fully tax deferred without any...
577
Vernon K. Jacobs
vernjacobs
Apr 2, 2008 2:59 pm
COMMENT: ou had mentioned (an opinion about whether a foreign life policy must be reported to the IRS). Is this available to view anywhere? My local tax...
578
Vernon K. Jacobs
vernjacobs
Apr 11, 2008 3:14 pm
QUESTION: Is it reasonable to conclude that no domestic business entity (e.g., LLC, C- Corporation, FLP, etc.) can truly offer asset protection? In other...
579
Vernon K. Jacobs
vernjacobs
Apr 14, 2008 4:17 pm
QUESTION: A Costa Rican corporation who has U.S. shareholders purchases a lot for development or to simply hold and resell for a profit. Can you explain how...
580
Vernon K. Jacobs
vernjacobs
Apr 25, 2008 9:09 pm
One of the most frequent questions I get involves some variation of "Which type of entity is best for my offshore business or investment". When you venture...
581
Vernon K. Jacobs
vernjacobs
Apr 28, 2008 4:14 pm
In the memo I sent you yesterday, the link that I gave you for information about our 2008 Offshore Tax Seminar on Tax Factors in Choosing an Offshore Entity...
582
JacobsReport@yahoogro...
May 1, 2008 4:58 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal May 15th Due Date for Exempt Organizations Thursday May 15, 2008 All...
583
Vernon K. Jacobs
vernjacobs
May 1, 2008 2:55 pm
QUESTION: I have a self-directed IRA, and am planning to take it offshore. It will invest in an offshore LLC, which will then invest in the offshore mutual...
584
Vernon K. Jacobs
vernjacobs
May 5, 2008 2:49 pm
QUESTION: I have a CFC and have just completed my first 5471. I understand how salary and dividends from the CFC are reported on my 1040, but what about...
585
Vernon K. Jacobs
vernjacobs
May 6, 2008 3:38 pm
QUESTION: If an Isle of Man variable annuity is owned by a Nevis LLC taxed as a partnership, will the LLC owner(s) still receive the benefit of tax deferral on...
586
Vernon K. Jacobs
vernjacobs
May 6, 2008 4:27 pm
QUESTION: if an individual forms an offshore trust, and that offshore trust owns a domestic LLC, will that domestic LLC show up anywhere on the individual's...
587
Vernon K. Jacobs
vernjacobs
May 9, 2008 3:15 pm
QUESTION: I have two questions that perhaps your international readers may find relevant as well. 1. What is the maximum limit dollar amount that someone may...
588
Vernon K. Jacobs
vernjacobs
May 12, 2008 4:19 pm
QUESTION: What are the US withholding or filings requirements for a US LLC, owned by a nonresident alien (NRA) or foreign company, for services performed...
589
Vernon K. Jacobs
vernjacobs
May 12, 2008 4:40 pm
QUESTION: While I appreciate your taking the time to answer questions about international tax law, I'm much more interested in an open discussion forum where ...
590
Vernon K. Jacobs
vernjacobs
Jun 6, 2008 3:35 pm
Foreign Bank and Financial Accounts Disclosure Requirements By Vernon K. Jacobs As a reminder, the foreign bank account disclosure form (FBAR) is due no later...
591
Vernon K. Jacobs
vernjacobs
Jun 7, 2008 4:15 pm
QUESTION: I have a question regarding the definition of a "bank" in your post. I have an account with a private credit union situated outside of the United...
592
JacobsReport@yahoogro...
Jun 8, 2008 4:59 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal June tax due dates Sunday June 15, 2008 All Day (This event repeats...
593
JacobsReport@yahoogro...
Jun 16, 2008 4:59 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal File Form TD F 90.22.1 Monday June 30, 2008 12:00 am - 1:00 am (This...
594
Vernon K. Jacobs
vernjacobs
Jun 16, 2008 6:19 pm
Freedom Fest 2008 FreedomFest is a huge 3 day conference on a wide range of investment, economic, political and other topics with close to 100 speakers. I'll ...
595
Vernon K. Jacobs
vernjacobs
Jun 16, 2008 6:38 pm
QUESTION: I was reading your publication on passive foreign investment companies (PFICs). PFICs in my industry have been difficult to administer. We solely...
596
JacobsReport@yahoogro...
Jun 23, 2008 4:58 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal File Form TD F 90.22.1 Monday June 30, 2008 12:00 am - 1:00 am (This...
597
Vernon K. Jacobs
vernjacobs
Jun 24, 2008 2:03 pm
The following was in response to the previous Q&A about whether a US fund administrator or the investment manager was responsible for reporting the PFIC...
598
Vernon K. Jacobs
vernjacobs
Jun 24, 2008 2:20 pm
QUESTION: I am trying to get the information for how to apply for an EIN for a US person who owns a Nevis LLC. I cannot figure out if they fill out a SS-4 and...
599
Vernon K. Jacobs
vernjacobs
Jun 25, 2008 2:08 pm
I received the following email today from a customer who bought and read a copy of our report on due diligence for offshore investors. I don't get many letters...
600
Vernon K. Jacobs
vernjacobs
Jun 27, 2008 9:10 pm
QUESTION: I was looking for information about how the U.S. taxes a gain on the sale of a residence outside the U.S. and found a web page where you said that...
601
Vernon K. Jacobs
vernjacobs
Jun 30, 2008 4:28 pm
Response: I read that currency gain or loss (i.e. current income taxed at a higher rate) has to be separated from the US$ gain or loss (potentially taxed at...
602
Vernon K. Jacobs
vernjacobs
Jul 15, 2008 8:53 pm
You might have noticed that I haven't answered any questions the first half of this month. The main reason is because I'm busy with trying to help a client to...
603
JacobsReport@yahoogro...
Jul 17, 2008 4:58 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal July 31st Tax Returns Due Thursday July 31, 2008 All Day (This event...
604
Vernon K. Jacobs
vernjacobs
Jul 17, 2008 3:01 pm
COMMENT: In clicking on the web address for the special report, nothing would come up. I tried the copy and paste method and this did not work either. I'd...
605
Vernon K. Jacobs
vernjacobs
Jul 17, 2008 3:13 pm
The following comment was received in response to the Q&A about the treatment of foreign currency gains in connection with the sale of a principal residence...
