Offshore & Onshore
2nd Edition, 2006
by Vernon Jacobs, CPA &
J. Richard Duke, JD, LLM
Cover Design by
Angela Farley Designs
Extensive Collection of Tax Reduction Alternatives that Are Sanctioned
by the U.S. Tax Law and Will Work Anywhere in the World.
want to know how to save taxes offshore or just how to save taxes
without getting into an argument with the IRS? Do you wonder if you are
paying more taxes than the law requires? Then read on.
A lot of high
and high income U.S.
taxpayers are looking for some kind of "magical" way to save
by moving their money offshore. However, the U.S.A. is the only major
country in the world that imposes taxes on its citizens no matter where
they live or work in the world. Because we are taxed on our world wide
income (and assets) our tax planning must deal with domestic as well as
If you reduce
your taxes but you don't want to get into an argument with the IRS,
then you need to stick with tax reduction methods that are clearly
permitted in the tax law itself. And you want to avoid taking the
advice of people who claim that that you don't have to pay taxes at all
or the advice of people who offer you some kind of secret plan to hide
income from the IRS.
If you want to stay within the law and also want to be sure you have used every legal way to save taxes, then this novel tax guide will show you the legal ways to save taxes in the U.S. or offshore.
book represents a plain
English summary of 107 legal ways to pay less income and/or
estate taxes either onshore or offshore. It's a tightly written
more than five years of research into how to legally save taxes
offshore by using methods that work the same regardless of where you
live or where your money or business is located. We have searched
through the tax code for ways to save taxes. Then we have checked to be
sure those methods are not restricted if the taxpayer lives offshore or
has assets offshore. Finally, we analyzed the complex alternative
minimum tax rules for each method to be sure whether the tax saving
method would be available for those subject to this nasty tax trap.
Legal Ways to Save Taxes Offshore &
Onshore is not a step-by-step how-to manual for each of the tax
reduction methods described. Many of the methods described in the
require dozens or even a hundred pages of detail to delve into the
how-to details. Instead, we have
focused on providing an explanation of alternative tax
reduction methods that will work either offshore or onshore.
Legal Ways to Save Taxes Offshore &
Onshore is our answer to questions by clients and by readers who
ask, "What can I do to reduce my taxes?"
how to save taxes, this one is not an endless collection of different
kinds of itemized deductions and/or tax credits that might be available
for different taxpayers.
organized in the sequence of the personal Form 1040 income tax return
and describes the tax reduction alternatives available to taxpayers
with different kinds of income. It therefore helps to identify
which tax reduction methods may be suitable for different taxpayers
based on the kind of income they have.
As the outline
indicates, Legal Ways to Save Taxes
Offshore & Onshore is not just about income taxes. It also
discusses ways to pay less estate and gift taxes.
A unique and
valuable feature of the book is that it includes an extensive
discussion of the alternative minimum tax and whether it affects the
income tax strategies described in the book.
The book also describes a novel method of legally structuring an estate to totally "disinherit the IRS" without giving up the income from your assets. We call it "The Zero Tax Estate Plan." It is not an exotic or controversial arrangement. It is simply based on some uncommon common sense abut the estate tax system.
You won't need a law degree or a CPA certificate to understand this book. It is written (as much as possible) in plain English and includes an extensive glossary of tax jargon and acronyms.
The same information is available from the authors for a few hundred dollars in consulting fees. Vernon Jacobs is a CPA and tax author who has written more than a dozen books on tax planning and related subjects. He is a frequent speaker at professional conferences and seminars as well as at seminars for the general public. Richard Duke is an attorney with a masters degree in tax law and is an adjunct professor of international tax law. He is the co-author or author of many books and research papers on international tax and asset protection issues and is also a frequent speaker at professional conferences.
There are dozens of books available about how to save taxes but this is the ONLY book available that describes the various U.S. tax reduction methods that are sanctioned by the tax law and that are suitable offshore and that will survive the alternative minimum tax.
If your question is "How can I save taxes offshore?", then this book is the answer.
If your question is "How can I pay less taxes without getting into an argument with the IRS?", then this book is the answer.
If your question is "How can I pay less taxes without getting trapped by the alternative minimum tax?", then this book is the answer.
Vernon K. Jacobs, CPA &
J. Richard Duke, JD, LL.M.
P.S. We offer a prompt refund if you feel we have misrepresented the contents of this tax guide in any way. You are the judge of that and will take your word for it.
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Table of Contents
Size: 8.5 x 11, Single Spaced
Pages: 90 + 20 page Glossary
ebook 1.3 megabytes; 42.7 K words
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