QUESTION: if I purchase a Variable Whole Life Insurance Policy in a legitimate offshore insurance company, is that product fully tax deferred without any...
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...
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...
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...
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...
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...
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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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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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...
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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...
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 ...
QUESTION: I was reading your publication on passive foreign investment companies (PFICs). PFICs in my industry have been difficult to administer. We solely...
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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...
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...
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...
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...
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...
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...
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...
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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...
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...
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...
