There are six primary reasons why most U.S. citizens and permanent residents venture offshore.
Some (perhaps many) taxpayers who venture offshore choose to ignore the convoluted and complex U.S. tax laws that apply to foreign investments, businesses or residence. If that's your choice, then I can't help you and neither can any other U.S. tax professional. But 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.
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, I'm available for research assistance or consultations in international tax matters. If I don't already know the answer to your question, I can probably find it faster than you can. Or I can refer you to someone who is more experienced with the subject matter. If you have failed to file some of the returns required by the IRS for offshore transactions or for foreign financial accounts, you should seriously consider hiring an attorney before you contact an accountant. Here is contact information for some tax defense attorneys. Vernon K. Jacobs Certified Public Accountant P.S. If you need an experienced speaker for a conference or seminar, I can explain a broad range of international tax topics in plain English. If I really like the location, I only require reimbursement for travel and lodging. But if your program isn't at a 5 star resort with an ocean view, I will require a reasonable fee in addition to my travel and lodging costs. Contact Information: Vernon K. Jacobs,
PO Box 8137,
Prairie Village, KS 66208
Phone (913) 362-9667 Fax (913) 432-7174. Send Email to jacobs@offshorepress.com
(C) Copyright, 2008, 2009, 2010
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) Hardly any of my clients regard themselves as wealthy. But few of them will avoid being labeled as such by those who seek "redistributive change". (Vern Jacobs) "If not us, then who: if not now, then when?" (Ronald Reagan) "All that is necessary for the triumph of evil is that good men do nothing." (Attributed to Edmund Burke) No one is above the law...except for the lawmakers who scoff at their own laws. (Unknown) Most of the major religions of the world that ask their members to tithe only ask for 10% of their member's income. If God only needs 10%, why does the government need 50%? (Vern Jacobs) 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) The only people I've ever met who would like to pay more taxes are those who aren't making any money. (Vern Jacobs) 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) "The art of taxation consists in so plucking the goose as to obtain the largest possible amounts of feathers with the smallest possible amount of hissing." (Jean Baptiste Colbert) The only effective way to eliminate tax loopholes is to eliminate politicians. (Vern Jacobs) The taxpayer -- that's someone who works for the government but doesn't have to take a civil service examination. - Ronald Reagan You can have peace. Or you can have freedom. Don't ever count on having both at once (Robert Heinlein) "If people let the government decide what foods they eat and what medicines they take, their bodies will soon be in a sorry state as are the souls who live under tyranny." - (Thomas Jefferson) "The government cannot give anything to anyone that they have not first taken away from someone else." (Unknown) "In this present crisis, government is not the solution to our problem; government is the problem." (Reagan Inaugural Address January 20, 1981) "Why do those who pay no income taxes have the right to impose higher taxes on those do pay income taxes?" (Vernon Jacobs) "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." (Winston Churchill) "When you subsidize poverty and failure, you get more of both." - James Dale Davidson, National Taxpayers Union I am proud to be paying taxes in the United States. The only thing is -- I could be just as proud for half of the money. - Arthur Godfrey "The more corrupt the state, the more it legislates." - Tacitus "A Liberal is a person who will give away everything he doesn't own." - Unknown "The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution...if the American people allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." (Thomas Jefferson) A fine is a tax for doing wrong. A tax is a fine for doing something right. (Unknown) “Christmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it.” (Richard Lamm, Former Governor of Colorado) |
There is something fundamentally wrong when so many experts are so profitably employed at protecting our sovereign citizens from our civil servants. (vern Jacobs) News and Tools World Time Clock Currency Conversion Net Present Value 2010 Tax Due Dates The Jacobs Report Essays and Web Links on Liberty & Tax Reform Health Care Portal Identity Theft Portal Guest Articles An Introduction to Foreign Exchange, by Michael Trinkle Tax Cuts and Deficits Why Do the Super Wealthy Support Higher Taxes? Dangers of Online Tax Preparation and Banking Cut Spending or Increase Taxes? If I Pay Less Will You Pay More? Do Tax Cuts Cause Deficits? Average Tax Rates and Marginal Rates Do T.I.P.S. Really Make Sense? Are Taxes a Moral Obligation? Expanded 1099 Reporting Invites Identity Theft The Income Tax Multiplier Hidden Tax on Fixed Income Investors Flat Tax vs. the Fair Tax Do You Believe in Conspiracies? Estimated Tax Tips How Much Do You Hate Paying Income Taxes? The "Secret" U.S. National Sales Tax Observations on This Taxing Life My Op-Ed Commentary on Taxes and Economics How Much is a Trillion? A Lower Tax Profile for the Affluent A Parable of Socialism Tax Rates and Tax Loopholes Half Empty or Half Full? Trickle Down or Trickle Up? Regulatory Chaos The High Cost of Free Health Care Is SavingTaxes Worth the Trouble and Cost? IRS Propoganda and Disinformation The Tax Angles Story Introducton to My Blog Tax Concepts & Opinions
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FreedomFest 2011, The Tax Reform Alternative  Income Tax Reform and Inflation Tax Reform Expatriation Available as an e-book for just $15 =================
 A unique and time saving guide to the U.S. tax reporting requirements for offshore investors and business owners =================  Don't Even Think About Forming a Foreign Trust Without This Essential U.S. Tax Guide ================= Newly Updated  The Most Comprehensive Guide Available about the Rules and Exceptions for Reporting Your Foreign Financial Accounts The FBAR Reports are Due Before June 30th =================  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. =================  A Plain English Introduction to the Confusing Rules for Foreign Corporations Owned by U.S. Persons =================  A plain English description of more than 100 legal ways to pay less income and estate taxes regardless of where you live or work in the world. =================  Due Diligence for Offshore Investors =================  Over 40 pages of legal ways to mimize your taxes this year and next  Offshore Press, Inc. Reliability Seal Information Information for Prospective clients Phone consultation service Disclosure statement, Disclaimer statement Privacy policy Sample Engagement Letter ================= Recommended Reading The Scottish Invention of America, Democracy and Human Rights
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