QUESTION: I just read with great interest your book, the Controlled Foreign Corporation Tax Guide. The following paragraph was of particular interest to me: ...
QUESTION: I just read with great interest your book, the Controlled Foreign Corporation Tax Guide. The following paragraph was of particular interest to me: ...
The following comment was sent to me in response to the memo about social security taxes for U.S. employees of a foreign corporation. (Vern) - - - - - - - - -...
The 2008 Seminar Update We can accommodate 12 more people at our October 25, 2008 seminar on Tax Factors in Choosing an Offshore Entity. We will only be taking...
QUESTION: I am sole owner of a foreign LLC, and it is eligible, I believe I can convert it to a Foreign Disregarded Entity, thereby skipping the Form 5471 and...
The previous message was about whether the $87,600 foreign earned income exclusion applies to a foreign disregarded entity owned by a U.S. person. I received...
QUESTION: I came home to Berlin last week to find a check for 900 dollars from the IRS. It was my own personal economic stimulus payment. I was surprised to...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Sept. 15th - Form 1120 Due Date Monday September 15, 2008 All Day (This...
JacobsReport@yahoogro...
Sep 1, 2008 4:59 am
620
QUESTION: I live abroad and operate a foreign IBC. I receive salary directly from the IBC, and file a 5471 with my 1040. Can the IBC fund my SEP IRA, and are...
QUESTION: Taxpayer, US Citizen, lives in Mexico, and owns a Mexican corp which builds & sells homes. I know that they have to include the income of the corp on...
If you have been thinking about attending our October 25 seminar at the Las Vegas Hilton Resort, we are now down to six available seats. And we REALLY can't...
As I listen to the news, it seems that everyone on T.V. is pointing the finger of blame on everybody except the real culprits. And all four of the candidates...
The financial news is full of headlines about how the taxpayers are going to be bailing out Wall Street to the tune of a trillion dollars. A trillion is a hard...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Oct. 15th Tax Return Due Date Wednesday October 15, 2008 All Day (This...
JacobsReport@yahoogro...
Oct 1, 2008 4:59 am
626
QUESTION: My step-mother's estate includes a large portfolio of Australian shares. The largest holding is Australian market BHP which my brother would like me...
For the past few months, I've somewhat jokingly told friends that if Obama wins this election and the Democrats retain control of Congress, I'll expedite my...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Form 720 Premium Excise Tax Friday October 31, 2008 8:00 am - 4:00 pm ...
JacobsReport@yahoogro...
Oct 17, 2008 12:57 pm
629
QUESTION: What is the correct procedure if you have not filed (did not know to file Form 720) but have filed a TD F 90.22-1? Can you file a late Form 720 and...
Obama and many of the other Democratic candidates are accusing their opponents of voting for tax breaks to ship jobs overseas. I've been trying to figure out...
While it would be detrimental to my business to discourage anyone from venturing offshore, there are some rather harsh realities that I feel obliged to share...
QUESTION: I was wondering if you could help me with a recent question I received. Can a non-US resident and non-citizen (NRA) invest in an offshore registered...
QUESTION: My client, a U.S. citizen, wants to invest in a 20% ownership interest in a Brazilian Limitada. It is my understanding that a Limitada is like our...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Dec. 15th - Final Corporate Estimated tax Monday December 15, 2008 8:00...
JacobsReport@yahoogro...
Dec 1, 2008 1:58 pm
635
QUESTION: If a taxpayer has made the "Qualified Electing Fund" election, then the taxpayer in future years does not have to pay income tax when they receive a...
Enter your vote today! A new poll has been created for the JacobsReport group: Please indicate the categories that best describe your involvement with...
JacobsReport@yahoogro...
Dec 1, 2008 5:13 pm
637
In order to secure a better understanding of the areas of interest to you and other members of this group, I would appreciate your taking a few moments to...
After receiving a number of emails from group members who were not able to participate in the polling mentioned yesterday, I discovered that the poll feature...
I've had an inquiry about whether I might be doing any seminars on a cruise ship and after thinking about it for a few days, it seems like an appealing idea. ...
QUESTION: What are the smart ways to claim lottery jackpot winnings that would allow one to preserve anonymity, minimize taxes and maximize protection? What if...
I received the following from a colleague in response to the Q&A about how to minimize taxes on lottery winnings. Vern That is why I created a family lottery...