http://finance.groups.yahoo.com/group/JacobsReport/ The Jacobs Report Fri, 06 Nov 2009 17:27:23 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/746 http://finance.groups.yahoo.com/group/JacobsReport/message/746 I've always been somewhat amused by taxpayers who wait until it is time to prepare their tax return to ask about what they can do to reduce their taxes. And I Fri, 06 Nov 2009 16:48:01 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/745 http://finance.groups.yahoo.com/group/JacobsReport/message/745 QUESTION: "I am closing my offshore asset protection trust. This year 2009, I will take all assets as a benfits leaving zero in the trust. Which forms to file Thu, 05 Nov 2009 19:28:36 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/744 http://finance.groups.yahoo.com/group/JacobsReport/message/744 Do you remember the hey-day of the tax shelters? It occurred from about 1970 through 1986 after which most of the individual tax shelters were curtailed by the Mon, 02 Nov 2009 16:11:37 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/743 http://finance.groups.yahoo.com/group/JacobsReport/message/743 QUESTION: How do you collect lottery powerball winnings in order to maintain your anonymity? Do you setup a living trust or LLC? Will this reduce potential Fri, 30 Oct 2009 15:41:08 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/742 http://finance.groups.yahoo.com/group/JacobsReport/message/742 In the last message, I said that a free e-book on the tax rules for offshore investing was available at http://www.offshorepress.com/offshoretax/ However, I Fri, 30 Oct 2009 15:18:58 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/741 http://finance.groups.yahoo.com/group/JacobsReport/message/741 QUESTION: I have been preparing expatriate tax returns for over 20 years. I've prepared many Form 5471's over the years. Most of my clients with foreign Sat, 17 Oct 2009 12:59:05 GMT http://finance.groups.yahoo.com/group/JacobsReport/message/740 http://finance.groups.yahoo.com/group/JacobsReport/message/740 Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Form 720 Premium Excise Tax Saturday October 31, 2009 8:00 am - 4:00 pm Thu, 15 Oct 2009 19:36:01 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/739 http://finance.groups.yahoo.com/group/JacobsReport/message/739 After a number of months of being tied down with imminent tax deadlines, I can breath a short sigh of relief and enjoy a few months to work on books and Mon, 05 Oct 2009 15:07:03 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/738 http://finance.groups.yahoo.com/group/JacobsReport/message/738 Because of the upcoming October 15 deadline for individual returns on a six month extension and the extension of the IRS offshore amnesty program until 10/15, Mon, 05 Oct 2009 14:59:55 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/737 http://finance.groups.yahoo.com/group/JacobsReport/message/737 The following is a response by a CPA to the question regarding Schedule C and Schedule H on the Form 8858 for disregarded entities. Vern - - - - - - - - - - - Sun, 04 Oct 2009 22:09:31 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/736 http://finance.groups.yahoo.com/group/JacobsReport/message/736 QUESTION: I realize you must be awfully busy until the 15th of October. But I respectfully ask you to help me with this. There is no other way since the IRS Thu, 01 Oct 2009 21:20:30 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/735 http://finance.groups.yahoo.com/group/JacobsReport/message/735 QUESTION: When we met a few years ago, you mentioned that there were still some advantages of Offshore Trusts for those of us living overseas.  Kindly send Thu, 01 Oct 2009 21:17:19 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/734 http://finance.groups.yahoo.com/group/JacobsReport/message/734 Richard Duke and I have completed the first edition of a new tax guide for the U.S. grantors and beneficiaries of a foreign trust. If you are a U.S. citizen or Thu, 01 Oct 2009 05:04:06 GMT http://finance.groups.yahoo.com/group/JacobsReport/message/733 http://finance.groups.yahoo.com/group/JacobsReport/message/733 Reminder from: JacobsReport Yahoo! Group http://groups.yahoo.com/group/JacobsReport/cal Oct. 15th Tax Return Due Date Thursday October 15, 2009 All Day (This Mon, 21 Sep 2009 16:51:16 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/732 http://finance.groups.yahoo.com/group/JacobsReport/message/732 For those who are considering the IRS Offshore Voluntary Compliance Initiative for disclosing previously unreported income from foreign sources, the deadline