The Jacobs Report on International Tax Planning is a free e-mail Q&A service about international tax planning, asset protection and related offshore topics. The list is open to the public, but answers to questions by customers and subscribers of Offshore Press will be given priority in the selection of questions to answer. Answers to questions will be provided on a time available basis. The responses to questions are based on the author's interpretation of the relevant tax issues and are not intended to constitute specific advice to any member of this Yahoo Group. The information provided does not constitute authoratative support for any tax issue and may not be relied on to avoid potential IRS civil penalties for negligence. This group is sponsored by Vernon Jacobs, CPA (www.vernonjacobs.com) and by Offshore Press, Inc. (www.offshorepress.com)
QUESTION: We had talked in March about the look-through rules for CFCs and with the current administration controlling congress, you weren't sure about the
Question: 3 siblings, all of whom are dual citizens (U.S./Thailand)and bonafide residents in Singapore & Thailand own 100% in equal share in Thai-based
QUESTION: A foreign trust with a US grantor and a US beneficiary accumulates income on its original assets. The trust then consists of two parts, (1) the
QUESTION: Here is an issue that causes some confusion A US individual taxpayer X is the owner of a foreign grantor trust T. T pays foreign tax on foreign