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...
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...
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 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 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: 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: 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: 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...
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: 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....
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: Under what circumstances, if any, can a US citizen resident overseas establish an S-corp and get the foreign earned income exclusion on the...
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: 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...
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...
The administration (Treasury Department) has just released an extensive news release that is clearly intended to justify a substantial increase in funding for...
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...
QUESTION: Mr. Jacobs...I attach the following excerpt from one of your webpages: (www.offshorepress.com/offshoretax/otcurrency.htm ) "The general rule with...
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: 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...
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: 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...
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...
Every once in while I receive a strongly worded email about why I'm giving bad advice when I tell people that the U.S. imposes income and estate taxes on the...
QUESTION: Assuming a U.S. business or trust pays consulting fees or trustee fees to a foreign based individual for services and it is deductible and there is...
QUESTION: I have a question in connection with reporting in the U.S. of foreign credit card accounts that a U.S. citizen residing in the U.S. has utilized out...
QUESTION: I have an attorney/client who is setting up an offshore "purpose trust." The trust has a "purpose" (e.g. promote world peace) rather than a...
QUESTION: I live in Texas and need to know if you homestead your home if the IRS can still take your home from you for back taxes? REPLY: According to the...
Question: Can any costs associated with preparing a home for sale be deducted? REPLY: Yes, but the deduction is only useful if the gain on the sale of the...
