QUESTION: I'm a U.S citizen who has been living abroad in Taiwan for the past 6 years. I've also been working here as an English Teacher making less than...
QUESTION: I subscribe to a variety of financial newsletters. Several have suggested for more then several years that it would be "prudent" to open a foreign...
QUESTION: I file excise tax returns (for some offshore insurance and annuity contracts) and when no premiums are involved I file with zeros. Do you know if I...
QUESTION: I understand that one way to categorize a fixed foreign annuity is in the Miscellaneous Income line (f1040 line 21). I have done that (perhaps...
QUESTION: I am interesting in getting your e-books Offshore Tax Strategies and/or Controlled Foreign Corporation Tax Guide. Could you tell me which is the best...
QUESTION: My understanding is that the penalties are $10k per corporation or partnership, not per return. (Response to your comment about penalties for returns...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Saturday January 31, 2009 ...
QUESTION: Could you please compare domestic and foreign corporations in one paragraph? REPLY: A brief comparison is subject to a host of caveats. There are...
I got into an argument the other day with someone who said, "What difference does it make if people spend their own money or if the government takes some of...
There is an extensive article in USA Today (Tuesday, Jan. 6, 2009) about the eventual conversion from US GAAP accounting to International Financial Reporting...
COMMENT: IRS needs to develop some serious AI (artificial intel) website to help even practitioners comply with 5471's (for controlled foreign corporations)...
QUESTION: Are you seeing more interest in the old Interest Charge DISC? I heard that there are only 6,000 in the US still in existence. What I understand is...
The following question was sent to me by a reporter and I thought I would share the Q&A with this group. (Vern) QUESTION: Could you please compare domestic and...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Jan 15th - 4th Quarterly Due Date Thursday January 15, 2009 All Day ...
If you would like to spend a few warm days in late January on Paradise Island in the Bahamas at the five star Atlantis Resort, I encourage you to sign up for...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Deadline to Set up Keogh Plan Wednesday December 31, 2008 12:00 am -...
Question: Vern, your e-mail states: "Special rules apply to the transmission of a Social Security Number (SSN) outside the U.S. even with the consent of the...
QUESTION: I am a small businessman and Canadian citizen, US Permanent Resident (spouse is US citizen). Planning on becoming a US citizen, and currently no...
Starting in 2009, tax and financial advisors will be required to secure the consent of their clients to use or to transfer taxpayer data. Special rules apply...
QUESTION: Have you given any consideration to making this an open list where group members can contribute their questions and comments without being filtered...
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...
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'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. ...
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...
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...
Enter your vote today! A new poll has been created for the JacobsReport group: What one kind of information or advise are you MOST interested in? o Saving...
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...
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...
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...
