Legal Ways to 
Save Taxes
Offshore & Onshore
2nd Edition, 2006

by Vernon Jacobs, CPA &
J. Richard Duke, JD, LLM

Legal Ways to Save Taxes Offshore and Onshore
Cover Design by
Angela Farley Designs

An Extensive Collection of Tax Reduction Alternatives that Are Sanctioned by the U.S. Tax Law and Will Work Anywhere in the World.

Do you 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 net worth and high income U.S. taxpayers are looking for some kind of "magical" way to save taxes 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 offshore methods.

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.

This unique 110 page 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 synthesis of 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 book could 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?"

Unlike many books about 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.

Instead, the book is 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 very 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.

  • The printed edition is available for $62 for U.S. delivery.
  • The ebook edition is available for $32 for delivery by email anywhere and is recommended for international orders.
  • If you don't believe the book is worth a lot more to you, we will refund your money within 60 days of when it is delivered to you. 
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.

How to Order:

For an e-book edition of Legal Ways to Save Taxes Offshore & Onshore that will be delivered immediately, click here.

For a printed copy of Legal Ways to Save Taxes Offshore & Onshore that is delivered in a 3 ring binder, click here.


Table of Contents
  • Introduction
  • Tax Avoidance Principles
  • A Primer on Marginal Tax Rates
  • The Value of Tax Deferral
  • Compensation (Form W-2) 
  • Owner/Employees of a Controlled Corporation (Form W-2) 
  • Interest & Dividends (Schedule B) 
  • Business Income (Schedule C) 
  • Capital Gains (Schedule D) 
  • Pensions & Annuities (Form 1040) 
  • Taxes From Real Property (Schedule E) 
  • Partnership & S Corporation Tactics (Schedule E) 
  • Saving Taxes with Trusts (Schedule E) 
  • Social Security Income
  • Deductions That Reduce Your Income 
  • Deductions for Adjusted Gross Income 
  • Itemized Deductions (Schedule A) 
  • Tax Credits
  • Estimated Taxes
  • Avoiding the Alternative Minimum Tax
  • The Estate Tax Shell Game 
  • New Strategies for Estate Tax Avoidance
  • The Zero Tax Estate Plan 
  • About the Authors
  • Glossary
Technical Specifications

Size: 8.5 x 11, Single Spaced
Pages:  90 + 20 page Glossary
ebook 1.3 megabytes; 42.7 K words

A complete copy of this book in html format is included in the Offshore Press International Wealth Protection Library.

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If this book doesn't show you a new way to save income or estate taxes, you can return it for a 100% refund!
 
Notice:  The information in Legal Ways to Save Taxes Offshore & Onshore is intended only for educational purposes. This book is a non-technical introduction to the subject which is intended, but not promised or guaranteed to be correct in every respect or complete and up-to-date. Readers should not take any action based on this general information without the assistance of qualified professional counsel who is familiar with the specific facts of the reader's circumstances.