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...
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...
JacobsReport@yahoogro...
Jul 17, 2009 5:03 am
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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...
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...
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...
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...
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...
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...
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...
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...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Sept. 15th - Form 1120 Due Date Tuesday September 15, 2009 All Day ...
JacobsReport@yahoogro...
Sep 1, 2009 5:04 am
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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...
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...
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)....
"All that is necessary for the triumph of evil is that good men do nothing."" (Attributed to Edmund Burke) Although my Conservative/Libertarian bias must be...
QUESTION: Reportable Transactions Can you refer me to any authoritative source of information about reportable transactions, listed transactions and...
QUESTION: Is it possible to be free of the IRS without fully expatriating? I mean, I understand the 16th Amendment has never been fully and properly ratified,...
For those who are considering the IRS Offshore Voluntary Compliance Initiative for disclosing previously unreported income from foreign sources, the deadline...
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Oct. 15th Tax Return Due Date Thursday October 15, 2009 All Day (This...
JacobsReport@yahoogro...
Oct 1, 2009 5:04 am
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Richard Duke and I have completed the first edition of a new tax guide for the U.S. grantors and beneficiaries of a foreign trust. If you are a U.S. citizen or...
QUESTION: When we met a few years ago, you mentioned that there were still some advantages of Offshore Trusts for those of us living overseas. Kindly send...
QUESTION: I realize you must be awfully busy until the 15th of October. But I respectfully ask you to help me with this. There is no other way since the IRS...
The following is a response by a CPA to the question regarding Schedule C and Schedule H on the Form 8858 for disregarded entities. Vern - - - - - - - - - - - ...
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