There are six primary reasons why most U.S. citizens and permanent residents venture offshore.
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 8194, Prairie Village, KS 66208
Phone (913) 362-9667 Fax (913) 432-7174.
Send Email to jacobs--@--offshorepress.com
(Delete the --- in the address)
(C) Copyright, 2008, 2009, 2010
Vernon K. Jacobs, All rights reserved.
Food for Thought
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)
It seems there is something fundamentally wrong when so many experts are so profitably employed at protecting our sovereign citizens from our civil servants. (vern Jacobs)
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)
"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)
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?" (VKJ)
"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
"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)
“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)
For more on personal liberty see
News News News
2010 Offshore Tax Boot Camp at FreedomFest
The Jacobs Report
Obama's Attack on Offshore Tax Deferral
Update on our FBAR Compliance Book
IRS 2009 Offshore Voluntary Compliance Initiative
Essays and Web Links on Freedom
Observations on This Taxing Life
2010 Tax Due Dates
Phone consultation service
Offshore Accounting Requirements
International Tax Forms (Portal)
Financial Data Required for Foreign Information Returns
Penalties for Delinquent Filing of International Information Returns
Limits to Accountant - Client Confidentiality
Circular 230 Regulation of Tax Preparers (Portal)
Taxpayers vs. Tax Advisors
How to Choose an Offshore Tax Advisor
Dangers of Free Tax Advice
Is Free Tax Preparation Worth the Price?
Offshore Tax Schemes & Scams Portal
Vern Jacobs Blog
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?
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
Income Taxes and the Destruction of Liberty (PPT)
My Two Cents on Social Security Reform
Is Privacy a Crime?
Politics and Tax Privileges
The True Believer
Liars, Damned Liars and Advertisers
Prospects for Tax Reform or Simplification
Vietnam, Prohibition and the War on Drugs
Tax Reform Backlash
A Nation of Tax Scofflaws?
The War on Cigarettes
This Taxing Life
Why Go Offshore?
The Offshore Secrecy Myth
Controlled Foreign Corporation
Offshore Politics & Taxes
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
Passive Foreign Investment Company
Offshore Variable Annuities
Life Insurance Offshore
Offshore Stock Investments
Offshore Bond Investments
The Foreign Tax Credit
Currency Gains & Losses
Non-Resident Alien Taxation
Legal Ways to Save Taxes Offshore
Five Ways to Win the Tax Game
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
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
Gifts of Long Term Gains
Stock Redemptions by an Estate
Tax Deferred Exchanges
Variable Life Insurance
Legal Methods of Asset Protection -- Web Book
Sexual Harrassment Litigation
Stiff Penalties for Directors of Exempt Organizations
Tort Reform Portal
Identity Theft Portal
Panama Foundation Portal
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
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.
Offshore Press, Inc.
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