Vernon Jacobs

Vernon K. Jacobs, CPA
Offshore Tax Services


How to venture offshore without getting into trouble with the IRS.
   
 
There are five primary reasons why most U.S. citizens and permanent residents venture offshore.
Each of these reasons will result in different tax complications and/or some tax saving opportunities.

If you (or your clients) need help in complying with the U.S. tax rules for offshore investments, employment, asset protection or business operations, there are four ways that I can help you.
  • You can buy one of more of the varous books and reports I have written or have co-authored with other international tax professionals.
  • If you may want more than a couple of my books or reports, a less expensive alternative is to subscribe to my online reference library and the International Wealth Protection News Monitor that I write twice monthly (when my work schedule permits).
  • If you need some clarification about some aspect of international tax law or asset protection but are not seeking professional advice, I offer a phone consultation service. which includes a free subscription to my online reference library and newsletter.
  • If you need personal tax advice or help with the preparation of various international tax returns, I am available for a limited number of new clients each year. 
If you are a tax attorney or CPA who has a client that is involved in some offshore entity such as a foreign trust, an IBC, foreign corporation, foreign partnership or LLC, you can outsource the international work to me and my colleagues. I do not do ANY domestic tax work any more. I'm also available for research assistance in international tax matters. If I don't already know the answer to your question, I can probably find it faster than you can.
If you have failed to file some of the returns required by the IRS for offshore activities or for foreign financial accounts, you should seriously consider hiring an attorney who can provide you with a greater degree of confidentiality. I have provided contact information for some tax defense attorneys

Vernon K. Jacobs
Certified Public Accountant


Contact Information: Vernon K. Jacobs,
PO Box 8194, Prairie Village, KS 66208
Phone (913) 362-9667  Fax (913) 432-7174.
Send Email to jacobs--@--offshorepress.com
(Delete the --- in the address)
   
The Offshore Press Home Page
VKJ CPA Home Page

(C) Copyright, 2009, Vernon K. Jacobs, All rights reserved.
 
Food for Thought

The legal right of a taxpayer to decrease the amount of what would otherwise be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. (Supreme Court Justice Sutherland, 1935)

The essence of freedom is the proper limitation of government. (Unknown)

No one is above the law...except for the lawmakers who scoff at their own laws. (Unknown)

The problem with Socialism is that you eventually run out of other people's money. (Margaret Thatcher)

Inflation is a tax on property and the capital gains tax is imposed on inflationary gains. (Vern Jacobs)

"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."  (Thomas Jefferson)

It seems that anyone with an agenda of aggressive government meddling can always tell you the solution to the problem ... always seems to involve more government meddling. (Matthew Collins, The A-Letter)

When the government talks about tax "reform" it's time to get a better grip on your wallet. (Vern Jacobs)


News News News


Obama's Attack on Offshore Tax Deferral

Update on our FBAR Compliance Book

IRS 2009 Offshore Voluntary Compliance Initiative

2009 Offshore Tax Boot Camp




  Article Links

The Jacobs Report Archives

Essays and Web Links on Freedom

Tax Schemes & Scams Portal

Observations on This Taxing Life

My Two Cents on Social Security Reform

Circular 230 Regulation of Tax Preparers (Portal)

Why Go Offshore?

Is Privacy a Crime?

The Secrecy Myth

Offshore Accounting Requirements

International Tax Forms (Portal)

Penalties for Delinquent Filing of International Information Returns

Limits to Accountant - Client Confidentiality

Financial Data Required for Foreign Information Returns

Controlled Foreign Corporation

Taxpayers vs. Tax Advisors

Offshore Politics & Taxes

How to Choose an Offshore Tax Advisor

Dangers of Free Tax Advice


How Can I Be Sure My Money is Safe Offshore?

Due Diligence for Offshore Investors

Due Diligence for Foreign Mutual Fund Investors

Estimated Taxes & Foreign Income

Tax Deductions for Offshore Seminars

Perpetual Tourist Scheme

The True Believer

Liars, Damned Liars and Advertisers

Is Free Tax Preparation Worth the Price?

Prospects for Tax Reform or Simplification

Sexual Harrassment Litigation

Stiff Penalties for Directors of Exempt Organizations

Vietnam, Prohibition and the War on Drugs

Tax Reform Backlash

A Nation of Tax Scofflaws?

Five Ways to Win the Tax Game

Politics and Tax Privileges

The War on Cigarettes

This Taxing Life

Invest in Money Saving Products

Bypass Schedule A When You Can

The Audit Lottery

Less Income is Better than More Deductions

Will A Living Trust Save Estate Taxes ?

Disinheriting the IRS


Note: The following articles have been written at different times in the past seven to eight years. I plan to review and update them as time permits, but readers should exercise caution in treating these articles as a source of current tax law, particularly with respect to various limitations on deductions or credits, which may be indexed for inflation.

Legal Methods of Asset Protection -- Web Book

Tort Reform Portal

Identity Theft Portal

Panama Foundation Portal

Foreign Investments

Banking Offshore

Investing Offshore

Passive Foreign Investment Company

Offshore Variable Annuities

Life Insurance Offshore
 
Offshore Stock Investments

Offshore Bond Investments

Foreign Corporation/IBC

Non-Controlled Foreign Corporation
   
Foreign Partnership

Foreign Limited Liability Company

Foreign Residence

Foreign Trust

Foreign Earned Income Exclusion

The Foreign Tax Credit

Currency Gains & Losses

Non-Resident Alien Taxation

Legal Ways to Save Taxes Offshore

Taxpayer Rights - 1998 Tax Law

Statute of Limitations

The All American Tax Shelter

Deducting an Office at Home

How to Deduct a Personal Computer

The Beneficial Hobby Loss Rule

Capital Gains on Discounted Bonds


Overlooked Capital Losses

Charitable Remainder Trust

The Divorce Tax

The Dynasty Trust

Family Employee Tax Breaks

Family Loans

Gifts of Long Term Gains

Hobby Losses

Stock Redemptions by an Estate

Tax Deferred Exchanges

Variable Life Insurance










































2009 Offshore
Tax Boot Camp

and
Freedom Fest 2009

at
Bally's in Las Vegas on July 8-11, 2009. Contact Tami Holland for Registration Details

Free
Subscribe to the JacobsReport
Commentary about offshore taxes and asset protection strategies !
 
New & Updated
Guide to Reporting Foreign Financial Accounts
The Most Comprehensive Guide Available about the Rules and Exceptions for Reporting Your Foreign Financial Accounts

The FBAR Reports are Due Before June 30th
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Offshore Tax Strategies
A concise plain English introduction to the U.S. tax rules for cross-border investments, foreign trusts, foreign corporations and other foreign entities owned by U.S. citizens or residents.

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Controlled Foreign Corporation Tax Guide, 3rd Edition

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Legal Ways to Save Taxes Offshore & Onshore

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How to Protect Your Assets Offshore

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