QUESTION: I am a U.S. citizen that has lived permanently in Finland for altogether about 16 years and successively the past 11. I recently formed a...
700
Vernon K. Jacobs
vernjacobs
Jun 10, 2009 3:10 pm
QUESTION: I'm a California-licensed CPA currently living in Singapore. I have a small practice--primarily providing consulting advice and accounting services...
701
Vernon K. Jacobs
vernjacobs
Jun 11, 2009 3:07 pm
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...
702
Vernon K. Jacobs
vernjacobs
Jun 11, 2009 3:20 pm
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...
704
Vernon K. Jacobs
vernjacobs
Jun 17, 2009 4:17 pm
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...
705
Vernon K. Jacobs
vernjacobs
Jun 18, 2009 2:52 pm
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...
706
Vernon K. Jacobs
vernjacobs
Jun 18, 2009 4:13 pm
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...
708
Vernon K. Jacobs
vernjacobs
Jul 5, 2009 6:31 pm
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...
709
Vernon K. Jacobs
vernjacobs
Jul 16, 2009 2:40 pm
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...
711
Vernon K. Jacobs
vernjacobs
Jul 17, 2009 6:41 pm
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...
712
Vernon K. Jacobs
vernjacobs
Jul 21, 2009 7:11 pm
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...
713
Vernon K. Jacobs
vernjacobs
Jul 22, 2009 3:53 pm
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...
714
Vernon K. Jacobs
vernjacobs
Jul 23, 2009 4:03 pm
QUESTION: Can I tranfer my EXISTING offshore stock/bond/hedge fund holdings to the new offshore PPLI policy (private placement variable life insurance) as...
715
Vernon K. Jacobs
vernjacobs
Jul 27, 2009 7:04 pm
QUESTION: Thank you for a well written and very informative report on (the Offshore Voluntary Compliance Program --...
716
Vernon K. Jacobs
vernjacobs
Jul 28, 2009 3:48 pm
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...
717
Vernon K. Jacobs
vernjacobs
Jul 30, 2009 6:41 pm
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...
718
Vernon K. Jacobs
vernjacobs
Aug 3, 2009 3:29 pm
QUESTION: I have the following questions: 1. Generally, does or does not the US tax non-resident aliens on currency trade profits generated from a US...
719
Vernon K. Jacobs
vernjacobs
Aug 6, 2009 3:42 pm
QUESTION: I gather from your books that you regard a foreign trust as the most effective form of asset protection. But it seems to me that a foreign limited...
720
Vernon K. Jacobs
vernjacobs
Aug 10, 2009 2:51 pm
QUESTION: I am a U.S. citizen that has lived permanently in Finland for altogether about 16 years and successively the past 11. I recently formed a consulting...
721
Vernon K. Jacobs
vernjacobs
Aug 15, 2009 4:18 pm
QUESTION: I am a 100% owner of a CFC (a Singapore corporation) that is an ongoing commercial entity. Some of the income generated by the business activities is...
722
Vernon K. Jacobs
vernjacobs
Aug 18, 2009 3:28 pm
QUESTION: If a U.S. expatriate is a grantor of a foreign trust, and the trust has assets, presumably contributed by the grantor, the grantor would no longer...
723
vernjacobs
Aug 24, 2009 4:47 pm
QUESTION: You mentioned you were working on an article or book regarding the new expat tax rules. I have a long-time U.S. client who presented me with an...
724
vernjacobs
Aug 27, 2009 8:07 pm
QUESTION: After reading your article titled Offshore Criminal Amnesty 2009, I filed four years of federal form 5471 with Mr. Judge at the Offshore Unit in...
725
JacobsReport@yahoogro...
Sep 1, 2009 5:04 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Sept. 15th - Form 1120 Due Date Tuesday September 15, 2009 All Day ...
726
vernjacobs
Sep 1, 2009 2:34 pm
M.K. Ramadoss, CPA reminded me that the domestic partnership return (Form 1065) is now due no later than September 15th. This change was made so that...
727
vernjacobs
Sep 2, 2009 3:13 pm
QUESTION: If an offshore variable annuity is owned by a Nevis LLC that is 2% owned by my mother, 2% owned by my father, and 96% owned by me, will its earnings...
728
vernjacobs
Sep 11, 2009 3:45 pm
QUESTION: In 2008, my client, a US LLC formed a United Kingdom Holding Company (ABC Holding) to acquire all the shares of a UK manufacturing company (XYZ Ltd)....
