The following information describes the first edition of this report.

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A lot of Americans seem to be very interested in going offshore to save taxes.

For the past two years, I've been telling clients and subscribers who want to save taxes offshore that there are only a few legal ways to do that. 

There are only a very few legal ways to save taxes offshore that are not also available "onshore" -- in the U.S .  I've spent a couple of hundred hours in each of the past four years looking for legal ways to save taxes offshore, and have only come up with four -- that are only available offshore and are not available in the USA. They are

• Foreign earned income exclusion & living costs
• Foreign export income exclusion (Which may be repealed in 2002)
• Certain business income of a foreign corporation
• Expatriation

(However, I have discovered literally dozens of illegal schemes that are being promoted as offshore tax saving opportunities.)

But there are still a LOT of legal ways to save taxes in the "States". 

For those who also want to move their money offshore for .....

investment opportunities that are not available in the USA

business opportunities in other countries

personal and family reasons

a general concern for international diversification, or

other reasons as described in my report on "Why Go Offshore "

It is possible to combine domestic tax strategies with offshore asset protection methods .

I have uncovered about 20 legal ways to save taxes (onshore or offshore) and to also place the assets into a secure offshore structure. Thus, you can save taxes and protect your assets offshore with these 21 legal strategies or structures. 

  Here are the 21 Legal Ways to Save Taxes Offshore as well as onshore.

1. Offshore Variable Annuities
2. Offshore Life Insurance
3. Offshore Self Directed IRA
4. Offshore Primary Residence
5. Offshore Vacation Home
6. Offshore Investment Realty
7. Foreign Earned Income Exclusion
8. Foreign Growth Stocks or Hard Assets
9. Family Income Splitting of Offshore Source Income
10. Offshore Investments Bought With Deductible Interest
11. Offshore Investments owned by Charitable Trust
12. Non Controlled Foreign Corporation
13. Foreign Corporation With Business Income
14. Foreign Travel and Seminar Deductions
15. Deductions For Developing an Offshore Business
16. Exempt Organizations Located Offshore
17. Expatriation
18. Non Grantor Foreign Trust
19. Estate Discount on Foreign Limited Liability Company
20. Foreign Grantor Trust for Estate Tax Savings

Another way to learn more about these ideas is to subscribe to the International Wealth Protection Reports on our subscriber's restricted web site. The web site is free for subscribers to our newsletters and includes extensive information about many of these subjects.

If you are in a hurry and are willing to pay for some consulting time, you can call me to arrange for a phone meeting to discuss how these ideas might be applicable to your situation. We can "meet" by phone for $300 for up to an hour, or if you want a face to face meeting, you can come to Kansas City or you can pay my expenses (and time) to meet with you in  your office. 

Please take a few minutes to review my disclosure and disclaimer forms so you won't have expectations that I can't meet.

The phone number is (913) 362-9667. I'm in the central time zone of the U.S. a few miles from the Kansas City, Missouri area. 

If you prefer, you can send me an email to jacobs--@--offshorepress.com but leave off the --

If you want to know something about my background and qualifications and haven't done that yet, you can read my professional bio or a mini-biography and you review some of the endorsements I've gotten from subscribers to my tax newsletters.

Vern Jacobs, CPA