QUESTION: A domestic revocable living trust used mainly to avoid probate taxes is not required to file any kind of reports to the IRS. The income is simply...
QUESTION: Why haven't you commented on the recommendations of the President's Advisory Panel on Tax Reform? REPLY: I haven't commented in this forum for a...
QUESTION: A Cayman Islands trust fund has been willed to me by a deceased relative, who was a citizen of Cayman. It is still in probate court so I was...
QUESTION: If I owned an IBC offshore, and I wanted to repatriate about $250,000 to purchase a condo in the US, how could I bring that money back without...
QUESTION: If a US CITIZEN wanted to purchase a home in another country like Thailand and lived in it, can their IRA be moved without penalty or can a loan be...
QUESTION: My father died almost two years ago and we are finally able to spend some time researching an overseas trust that he had opened in 1998. For some...
Richard Duke and Gideon Rothschild were Selected by Worth for Top 100 Lawyers List The December 2005 issue of Worth Magazine includes a list of the top 100...
QUESTION: Is an exchange traded fund (ETF) based on a foreign index fund that can be bought and sold on a major U.S. stock exchange treated as a PFIC or as an...
Yesterday, I posted a memo discussing the tax issues relating to exchange traded funds or ETFs. I commented that I had not been able to find any information as...
QUESTION: What if one bought such an ETF (or other foreign mutual fund for that matter) and held it less than a year? Wouldn't that be a way around the...
The International Wealth Protection Monitor is an email and web based newsletter for paid subscribers to the International Wealth Protection Library (See...
QUESTION: Vern, I got an interesting question from a client. He wanted to know if a trust can be sold. His idea was to form an irrevocable grantor offshore...
QUESTION: What happens when a grantor of a foreign trust dies? I am referring to a foreign grantor trust that does not have a US Trustee. Section 679(a)(1) of...
I received a memo from a person who seems to share what is a very common myth about the U.S. tax treatment of offshore investments. Here are excerpts of the...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Dec. 31st - Final Est. State Tax Saturday December 31, 2005 All Day ...
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Dec 17, 2005 6:02 am
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QUESTION: I found your address on your web site and used a search engine to locate Prairie Village, Kansas -- which it turns out is on the border of Kansas...
QUESTION: I am a California resident (not US citizen, but permanent resident) considering to invest in a friend's startup company in China. The investment is...
QUESTION: We are about to launch a Int'l Trade Escrow/Trust and Investor Services company, we are convinced that Panama is one of the best places to do so. I...
First, I'd like to wish all of you a belated Merry Christmas and a hope for a healthy and fulfilling new year in 2006. Second, if you haven't been to the...
QUESTION: Is there anyway to earn money here in the usa and pay zero income tax without any problem? Also who is Irwun Sciff? I see his website. Is he...
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Jan 15th - 4th Quarterly Due Date Sunday January 15, 2006 All Day ...
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Jan 1, 2006 5:59 am
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Welcome to the new year of 2006. We have a lot of new members and it's been more than a year since I discussed the terms of service for this free email...
QUESTION: I have read it is possible to invest my IRA offshore. Currently I know of only one organization that can do this. I'd like to "shop around". Do...
QUESTION: Would a private annuity be an appropriate strategy for an 82 yr. old, poor health, short life span individual with a significant, substantially...
QUESTION: I just finished reading your editorial in the Sovereign Society Email (Dec 26) wherein you mentioned the potential to obtain Canadian citizenship....
Reminder from the Calendar of JacobsReport http://groups.yahoo.com/group/JacobsReport/cal Jan 31st - Due Date for Information Returns Tuesday January 31, 2006 ...
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Jan 17, 2006 6:03 am
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QUESTION: I was recently told by a CPA that he heard that the IRS was going to crack down on the use of offshore private annuities. Have you heard anything...
QUESTION: I have a question regarding form 5471. If a U.S. citizen acquires more than 10% but less than 50% of a foreign corporation and the rest of the...
