http://finance.groups.yahoo.com/group/JacobsReport/ The Jacobs Report Wed, 18 Nov 2009 17:29:57 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/753 http://finance.groups.yahoo.com/group/JacobsReport/message/753 QUESTION: Mr. Jacobs, if a foreign private investor, foreign financial institution, or foreign business entity purchases dividend-paying stocks of corporations Wed, 18 Nov 2009 17:01:17 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/752 http://finance.groups.yahoo.com/group/JacobsReport/message/752 This was in response to my comments about gifting to minors (#749) = = = = = = = = COMMENT: Vern?Your newsletter (# 749) implies that no gift tax return is Wed, 18 Nov 2009 16:35:15 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/751 http://finance.groups.yahoo.com/group/JacobsReport/message/751 This is from Richard Levine, Esq. in response to my comments in memo # 743 about a question involving anonymity in receiving lottery winnings. = = = = = = = = Tue, 17 Nov 2009 18:26:50 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/750 http://finance.groups.yahoo.com/group/JacobsReport/message/750 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 Mon, 16 Nov 2009 16:49:56 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/749 http://finance.groups.yahoo.com/group/JacobsReport/message/749 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 Wed, 11 Nov 2009 17:33:22 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/748 http://finance.groups.yahoo.com/group/JacobsReport/message/748 Even though there is a slight chance that the House version of a health care bill might be blocked in the Senate and that the cap & trade bill may not be Wed, 11 Nov 2009 16:58:47 GMT vernjacobs http://finance.groups.yahoo.com/group/JacobsReport/message/747 http://finance.groups.yahoo.com/group/JacobsReport/message/747 It seems that most taxpayers and their advisors focus on finding ways to increase their itemized deductions in order to save taxes. However, there are 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