Someone has observed: “Death is more universal than life. Everyone dies but not everyone lives.” Although there are many opinions about how the late Michael Jackson lived his life, no one can say he didn’t live – and live large….
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Offshore Asset Protection BLOG – Bob Bauman: Michael Jackson: An …
Many callers and clients express interest in offshore asset protection planning. I have prepared some offshore trusts and many offshore limited liability companies over time. Any type of offshore asset protection is complicated, in part, because of IRS reporting requirements applicable to foreign entities. I suspect there are many people with offshore asset protection entities who don't understand or comply with tax reporting rules. For example, a single member domestic limited liability company is by default a disregarded entity for tax purposes. This means the LLC on the entity level reports nothing to the IRS and is not required to get a separate tax number. The member treats the domestic LLC as a sole proprietorship for tax purposes. A single member foreign LLC established by a U.S. resident must file an election form 8832 to claim disregarded entity status. If it does not file this form timely the LLC may be treated as a C corporation and subject to corporate taxation. In addition, the offshore LLC once electing disregarded status must file information form 8858. Offshore entities taxed as partnership or corporation have different filing requirements. Most people who create offshore entities cause the entity to maintain a bank account outside the U.S. These people are required to notify the IRS about offshore financial accounts withover $10,000 (aggregated)
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Asset Forfeiture and the New Tax Treaties | Visit Offshore Inn …
There is also a civil case pending against Stanford. The Justice Department can try to do an asset forfeiture case on Stanford to recover his money held in banks outside of the USA. Interesting case to watch unfold. … (5 out of 5); Why Do Asset Protection ? 1 vote, average: 5 out of 5 (5 out of 5); Still in the loop? Protect your family! 1 vote, average: 5 out of 5 (5 out of 5); The expatriate advantage. 1 vote, average: 5 out of 5 (5 out of 5) …
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Allen Stanford Charged with 7 Billion Dollar Fraud | Visit …
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Toll wins Gorgon management contract on Barrow Island | Offshore …
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A practicing neurologist in remote coastal Oregon, Bernstein comes to the problems of saving and investing not from a broker’s perspective, but as someone who had to figure this out himself, from first principles up. (Business Week )
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Bloated State Police Pension Plans – Something Has To Give | Visit …
Product DescriptionEnterprise Asset Management: Configuring and Administering SAP R/3 Plant Maintenance provides a step-by-step guide to SAP PM configuration, information required by those interested in using the Plant Maintenance module or those interested in improving their use of the module. Benefit from years of R/3 Plant Maintenance implementation and upgrade experience across many industries. Gain an understanding of the many ways in which R/3 Plant Maintenance can be conf (more…)
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Bulk REO Investor Profit Strategies (The Basics) | Visit Offshore …
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