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: Mr. Jacobs, if a foreign private investor, foreign financial institution, or foreign business entity purchases dividend-paying stocks of corporations
This was in response to my comments about gifting to minors (#749) = = = = = = = = COMMENT: Vern…Your newsletter (# 749) implies that no gift tax return is
This is from Richard Levine, Esq. in response to my comments in memo # 743 about a question involving anonymity in receiving lottery winnings. = = = = = = = =
QUESTION: A new client inherited a bank account in Japan and was not aware of it until a few years back. On top of only realizing that she had the account
Before 1986, one of the most popular tax saving moves was to make gifts of appreciated property to a child. The gain on the property would be transferred to