A number of tax returns will be due on or before March 15th. The corporate tax return on either Form 1120 or 1120-S is due at that time. An automatic six month...
QUESTION: I'm an expat living abroad for about 8 years. I'm married to a non-us citizen. My wife owns six offshore (mutual) funds, all of which are in her...
QUESTION: I am a recent subscriber to your service and have been looking for (but have not found) a source for 'sample or specimen' trust deeds, and other...
QUESTION: If someone sends me a payment to my e-gold or e-Bullion account, is that considered taxable income in the eyes of the IRS? I've heard that it is not...
There is little that taxpayers can legally do to alter their transactions for last year. At best, they can hope their tax preparer is familiar with all the...
QUESTION: Mr. Jacobs...I attach the following excerpt from one of your webpages: (www.offshorepress.com/offshoretax/otcurrency.htm ) "The general rule with...
QUESTION: Have you heard of any sham trusts involving Indian sovereignty (american indian, that is)? REPLY: Not until you asked the question. And I thought...
The administration (Treasury Department) has just released an extensive news release that is clearly intended to justify a substantial increase in funding for...
QUESTION: As a US citizen, I am paying a foreign consulting company by wire transfer to pay for legitimate consulting fees (non-tax-deductible). Is this a...
QUESTION: I was wondering if you use Nevada Corporations as a part of your strategies to help taxpayers save tax dollars especially those who live in states...
The following press release was received from KYC News. I have had experience in helping three different clients who were victims of this huge Ponzi scheme. ...
QUESTION: Under what circumstances, if any, can a US citizen resident overseas establish an S-corp and get the foreign earned income exclusion on the...
QUESTION: Could you please tell me whether losses in a 401K plan are deductible from taxes owed? I was 100% invested in the common stock of my employer...
QUESTION: A Client who is a resident and citizen of the U.S. purchases a ranch house in Italy. The client will transfer title to a Limited Liability Company....
I've received a number of inquiries about ideas and suggestions for ways to save taxes for 2003 before the year is over. Rather than put the information into...
QUESTION: I bought your article "New Tax Angles for Investors". When looking at the free tax estimator that Proseries offers, it states that if you have a...
QUESTION: It seems that most of your memos are about how to comply with the IRS rules instead of how to beat the system. Why don't you share some information...
QUESTION: Assume a U.S. citizen arranges to set up an irrevocable offshore trust. It will have an independent trustee. The taxpayer's children are the...
QUESTION: I have been looking on your site for people who can help me to set up an offshore trust but I cannot find them. Can you give me a link, please. ...
QUESTION: I have invested in a Swiss variable annuity which I understand is compliant with the U.S. rules for diversification and other tax rules. Is the...
QUESTION: I enjoyed reading your article on Offshore Private Annuity contracts. If you could answer a question for me it would be great. When entering into a...
QUESTION: I understand that Form 926 (Return by a U.S. Transferor of Property to a Foreign Corporation) is required where the U.S. owners of a foreign...
Dear Subscribers: During a large part of this year, I have been tied down with an assortment of tax return deadlines that kept me from taking the time to...
Some investors are hoping we may soon see a resurgence of higher interest rates. They should be hoping that interest rates will remain low. Here's why. Many...
During periods of low inflation, when interest rates are also low, a lot of retirees are easy marks for those who make preposterous claims of high rates of...
The following link is to a PDF file describing IRS Notice 2003-34 which explains their position regarding the use of a foreign insurance company (with minimal...
Here is another litigation opportunity for the plaintiff's trial lawyers. For now, this issue only affects large companies, but the legal issues have nothing...
Forget about how the new tax law favors the rich. The real break goes to those who are at the bottom of the income brackets – specifically those in the 10%...
