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 investments.
The description on the Jacobs Report at Yahoo Group reads:
The Jacobs Report on International Tax Planning is a free e-mail Q&A service about international tax planning, asset protection and related offshore topics. The list is open to the public, but answers to questions by customers and subscribers of Offshore Press will be given priority in the selection of questions to answer. Answers to questions will be provided on a time available basis. The responses to questions are based on the author’s interpretation of the relevant tax law and are not intended to constitute specific advice to any member of this Yahoo Group or to be a substitute for qualified professional advice. The information provided does not constitute authoritative support for any tax issue and may not be relied on to avoid potential IRS civil penalties for negligence.
If you’re an American citizen and need advice regarding investing offshore, then I highly recommend learning more about Vern Jacobs. If you are a U.S. citizen or U.S. resident alien who has (or wants to have) assets in a foreign trust, then you might appreciate the Vern Jacob’s book: U.S. Tax Guide for Foreign Trusts. If you are the beneficiary of a foreign trust, then I suggest you read this book.
Even if you’re a foreign trustee, or an attorney who facilitates the formation of foreign trusts, an investment advisor who manages the assets in a foreign trust or an accountant who keeps the books for a foreign trust owned by a U.S. person, then you also would appreciate the information contained in this book. More at Jabob’s Report
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