QUESTION: When you next feel inclined to address tax aspects of expatriation, I've got two details for you to consider: the regs applicable some six or eight...
848
JacobsReport@yahoogro...
Jul 17, 2010 5:10 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal July 31st Tax Returns Due Saturday July 31, 2010 All Day (This event...
QUESTION: I am American and my wife isn't. We live overseas and plan to do so indefinitely. We are thinking of investing in some US property. All else equal,...
Tom Spott, a CPA who focuses on international tax issues for non-resident aliens with U.S. investments or business interests offered the following comments...
QUESTION: A lot of people think that if you have the right business structure offshore, you don't have to pay income tax on your profits except the amount you...
QUESTION: Husband has one foreign bank account with a balance for the entire year under 10k and Wife has a separate foreign bank account under with a balance...
In the past month, I've received a variety of emails that include the claim that the health care bill will impose taxes on employer provided health care...
I've recently received two emails that show my email address at vernjacobs@... as the sender/from address with an advertisement in the subject line. The...
COMMENT: Here is a question from an international tax professional about the accounting and reporting procedures for a foreign trust, which is not likely to be...
QUESTION: Thank you for assisting me in ordering your Guide to Reporting Foreign Financial Accounts a couple of weeks ago. In general, I must say it was very...
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JacobsReport@yahoogro...
Sep 1, 2010 5:37 am
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Sept. 15th - Form 1120 Due Date Wednesday September 15, 2010 All Day ...
I received this comment from a subscribers and decided to share it with this group. (Vern) " I had a recent personal experience with a local foreign embassy. I...
QUESTION: I recently opened a bank account overseas. As an American citizen that I am, what forms do the IRS and the Treasury Department want? I know both of...
QUESTION: I have a client that claims to have made an S-corp election for a foreign corporation (Belize) after having gotten an Employer ID for that entity....
QUESTION: I recently opened a bank account overseas. As an American citizen that I am, what forms do the IRS and the Treasury Department want? I know both of...
QUESTION: Assume that a US citizen renounces citizenship and is now a sole citizen in the Federation of St. Kitts & Nevis. That person has an IBC in Belize...
WHOOPS! My response to the following question totally missed the critical issue that the income recipient is an expatriate who has renounced his citizenship....
I've been working on separate books about income tax reform, the inflation tax and the U.S. expatriation tax for a number of years now. A few months ago, it...
QUESTION: I just discovered a proposed IRS revised definition of a foreign financial account. http://edocket.access.gpo.gov/2010/pdf/2010-4042.pdf It now...
QUESTION: My client is the 50% shareholder and officer of a foreign corp living overseas. I'm filing the 5471 with his individual return for his other 100%...
QUESTION: I am looking for a legal way to protect my assets from potential future creditors. I and my wife are totally solvent, have good credit, and positive...
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JacobsReport@yahoogro...
Oct 17, 2010 1:03 pm
Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Form 720 Premium Excise Tax Sunday October 31, 2010 8:00 am - 4:00 pm ...
QUESTION: My client and I have toyed with the idea of forming a corporation in Panama, owned by a foundation to avoid having him and his partners pay tax on a...
QUESTION: If I live in the US, and I hold a Forex account with an international broker, do I have to report the account, or is it OK just to pay the taxes on...
QUESTION: If a US person worked in the UK and has a UK pension over which they do not have signature authority and are not a trustee, do they have to report...
Yesterday, I responded to a question about whether a foreign (U.K.) pension plan had to be reported to the Treasury Department on the FBAR form. My answer was...
QUESTION: Can you please explain to me the logic for why the 3520-A has its own timing structure? In general, Form 3520 is due on the date that your income...
QUESTION: Read your note on expatriation - would Mexico fall into one of the countries you could live in-establish citizenship and not pay taxes once out of...
Here are three followup responses to the question about how Mexico taxes a non-resident citizen (national). According to an article by Deloitte Touche, Mexican...
Here's another comment in response to the previous memos about how Mexico taxes a non-resident citizen/national. (Vern) = = = = = = = = = = = = = I have lived...
