I received the following from a CPA on this list. "The 3 month extension for 990/990ez is made on Form 8868. You may want need to send another message...
If you haven't noticed, President Obama has recently announced a proposal to dramatically change the current tax rules for doing business or investing...
Questions about the FBAR form have been among the most frequent of any one topic in this Yahoo group. In 2006, I compiled my answers to all of the questions at...
QUESTION: A Costa Rican corporation that has U.S. shareholders purchased a lot for development or to simply hold and resell for a profit. Can you explain how...
QUESTION: I have a question about social security + medicare tax obligations which I hoped you could answer. I know it is possible to avoid those by opening a...
Here is a series of questions about the Foreign Bank and Financial Accounts report to which I decided to respond because it seems they would of interest to...
QUESTION: If a person has all his FORMER assets in offshore trusts or life insurance policies, how does that affect him if he should decide to expatriate? My...
QUESTION: What are the "tax-free" advantages of an offshore Cayman Islands bank account? Can you suggest an offshore bank / location and / or a service for...
I frequently postpone registering for various education programs for a variety of reasons and sometimes end up being too late. But there is still time to...
697
JacobsReport@yahoogro...
Jun 8, 2009 5:03 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal June tax due dates Monday June 15, 2009 All Day (This event repeats...
The IRS is making a really BIG deal out of the annual report on disclosing foreign financial accounts. Form TD F 90-22.1 is available at the IRS web site at...
QUESTION: I'm a California-licensed CPA currently living in Singapore. I have a small practice--primarily providing consulting advice and accounting services...
QUESTION: Could you describe in a general way the tax and reporting implications for the companies and owners in the following situation? A closely held US...
The second installment of 2009 estimated taxes is due on Monday, June 15th for individuals, corporations, estates and taxable trusts. It seems that many...
703
JacobsReport@yahoogro...
Jun 16, 2009 5:02 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal File Form TD F 90.22.1 Tuesday June 30, 2009 12:00 am - 1:00 am (This...
QUESTION: The footnote to your email states: ".... any written tax advice contained herein cannot be used by any taxpayer for the purpose of avoiding certain...
QUESTION: In your latest newsletter, you included link to IRS site on expatriation, which left me with following questions: 1.) I understand that there now...
QUESTION: While I was on your Yahoo site I happened upon this question regarding disregarded entity. I am curious as to what part of your response, (if any)...
707
JacobsReport@yahoogro...
Jun 23, 2009 5:03 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal File Form TD F 90.22.1 Tuesday June 30, 2009 12:00 am - 1:00 am (This...
Jeffrey Verdon is an asset protection and estate tax attorney who has been a helpful advisor to Offshore Press and myself since about 1993. He will be a...
QUESTION: Is it true that Panamanian Corporations (SA) are Per Se corporations under US rules and cannot make a Form 8832 Election to be other than a foreign...
710
JacobsReport@yahoogro...
Jul 17, 2009 5:03 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal July 31st Tax Returns Due Friday July 31, 2009 All Day (This event...
QUESTION: Taxpayer (a naturalized U.S. citizen) has a small bank account in the United Kingdom into which a small amount of U.K. social security income is...
NOTE: This is a response to the previous question about some U.K. dividend income on which taxes were incorrectly paid to the U.K. and not the U.S. The...
QUESTION: You have made frequent comments about expatriation as a way to avoid excessive US taxes and the regulations that control more and more of our daily...
QUESTION: Can I tranfer my EXISTING offshore stock/bond/hedge fund holdings to the new offshore PPLI policy (private placement variable life insurance) as...
COMMENT: I am not an accountant, but in common law there is a provision that the maker of any contract, provision, or rule has the burden to provide clear and...
QUESTION: Will adding my father as a 2% owner to my Nevis LLC impose an onerous tax filing burden on him? Thanks. REPLY: You did not say if your Nevis LLC is...
