Invest Offshore

Tag: foreign trusts

  • New Tax system is hostile to Trusts

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    Aaron
    in

    The tax system is generally hostile to foreign trusts. The hostility is understandable– trusts interfere with the government’s ability to impose or collect tax. As a result, the laws are slanted against foreign trusts. Income is taxed punitively. The right paperwork must be prepared “just so” and filed on time, or massive penalties can result.…

  • Offshore Succession Planning for American’s

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    Aaron
    in

    Issue: ”Sovereign Trust – new short form trust structures which present a cost effective succession planning tool with which to hold investments” Faults: Sovereign Trust – succession planning tool U.S. Tax System is Hostile to Offshore Trusts The U.S. tax system is generally hostile to foreign trusts if there is a U.S. taxpayer involved. The…

  • U.S. Tax Guide for Foreign Trusts

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    Aaron
    in

    Since 2001 Vern Jacobs has been providing information for Americans who invest offshore, or want to learn about offshore investing, through his Yahoo Group list called the Jacobs Report, it’s grown to over 1,700 members, I’ve been a subscriber since the beginning and watched dozens and dozens of people resolve questions they had about offshore…

  • US Tax Law

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    by

    Aaron
    in

    QUESTION: In foreign trusts, it is not unusual to give the trustee the authority to capitalize undistributed income (including capital gains). Does that in effect cause the “undistributed income” to become ”trust corpus/principal” and therefore avoid being treated as ”accumulation distribution”—under U.S. regulations ? REPLY: For trust accounting purposes, it is my understanding that the…