The
Internet has become the "happy hunting ground" for scoundrels and
outright crooks who are preying on the desire of people in high tax
countries to reduce their taxes with various offshore tax schemes. In
the U.S., some of those schemes can lead to jail time.
For many decades, the IRS was unable to penetrate the secrecy of
foreign banks. Most U.S. citizens who ventured offshore were able to
evade taxes with substantial safety.
No longer.
Times have changed and the IRS has discovered how to locate seemingly
"secret" foreign accounts. They are going after people with unreported
income in foreign banks, foreign trusts, foreign corporations and
foreign mutual funds.
Even so, more and more U.S. citizens are moving assets offshore because
of
- the
run-away litigation epidemic in the U.S.
- investment
opportunities not available in the U.S.
- employment
opportunities abroad
- international
family relationships
- lower
cost retirement havens outside the U.S.
- business
opportunities outside the U.S.
But
venturing offshore does have U.S. tax consequences regardless of the
reason for going offshore or for moving assets offshore. And most
taxpayers find those tax rules to be extremely confusing and seemingly
contradictory.
Offshore Tax Strategies by Vernon
Jacobs and Richard Duke is an abbreviated primer on the U.S. tax rules
for offshore investments, foreign trusts, foreign corporations, foreign
partnerships and other foreign entities.
And it
is written with a minimum of tax jargon. An extensive plain English
glossary is included with the book.
Offshore Tax Strategies is not a
technical reference manual for those who are already experts in the
subject. It is written for the layman, for the non-lawyer and
non-accountant and for their various domestic advisors who are not
familiar with the often convoluted tax rules for international
transactions.
The
authors provide a plain English explanation of the complicated U.S. tax
laws
that
apply to U.S. persons with offshore investments, foreign trusts and
global
business interests.
Offshore Tax Strategies is a
summary description of all the basic elements of international
taxation.
The same
information is available from the authors for a few hundred dollars
through personal consultations. This report is a huge bargain
compared to hiring either of the authors or any other tax professional
that works in the international tax specialty.
Printed
copies are available for $58.00
An
E-book edition is available for just $37.00
For
about $100 you can buy a 600 page book about the tax rules for doing
business abroad but it is written for CPAs. For a few hundred dollars
you can buy an international tax guide for tax lawyers. Or, if
you have nothing else to do with your time, you could locate a lot of
useful international tax information from the Internet. By the
time you are through, you will use up at least $67 worth of toner and
paper and you won't know if you can rely on the information.
Vern
Jacobs is a CPA who has been a consumer tax author and editor since
1975. He has written over ten books on taxes, has edited
numerous tax periodicals and has been a speaker at dozens of investment
and financial conferences for the general public.
Richard
Duke has a masters of law degree in international taxation and is an
adjunct professor of international tax law.
By
working together they have produced an understandable guide to
international taxation of cross border transactions that is also based
on a solid understanding of the international sections of the tax law.
You can
buy an e-book edition for just $37.00 or a printed copy of Offshore Tax Strategies for
$67.00. That includes shipping by priority mail via the US Postal
Service.
Sometimes
more is less because too much detail about this subject makes it harder
to understand. The greatest value of this unique guide is that it is a
summary of the essential concepts of international taxation written for
investors, for entrepreneurs and for their local advisors.
You are
the C.E.O. and this is your executive summary of the tax rules for
venturing offshore and avoiding unnecessary disputes with the IRS.
Vernon K. Jacobs, CPA
&
J. Richard Duke, JD, LL.M.
P.S.
-- We offer a prompt
100% refund if you feel we have misrepresented the contents of this tax
guide in any way. You are the judge and we will take your word for it.
How to Order:
For an e-book
edition of Offshore Tax Strategies
that will be delivered immediately, click here.
For a printed copy of Offshore Tax Strategies that is
delivered in a 3 ring binder, click here.
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