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Making you wealthy with innovative tax planning is the mission of this blog. Wealth is not created by your tax deductions. Spending a dollar to save forty cents in taxes will not make you wealthy. Wealth is created by good business including innovative and, in some cases, provocative tax plans.
Get my 2014 edition of International Taxation in America for the Entrepreneur at Amazon. You will learn the tried and true methods of international tax planning for the business owner and real estate investor. The Kindle is only $9.50 on this link.
Want to brainstorm your tax idea? Then, please call me, Brian Dooley, CPA, MBT at 949-939-3414 for a free brainstorming consultation.
Protect your tax refund from ID thieves with the free “Safe Lock” on this link. Until the Obama’s Attorney General Holder was robbed twice, the Administration did little. Then they got Michelle’s Obama’s social security number.
Local drug gangs have turned into tax refunds thieves 60 Minutes reported that they have “laptop parties” where they get together and chit chat as they steel your money. Often they have a friend or a mole working at a doctors office. The mole gets your information.
If you are a victim and the IRS has frozen your refund, call your Congressman. He or she has a dedicated staff that works with the IRS.
American firms are finding England a great low tax haven. Pfizer Pharmaceutical move to London, has let the “cat out of the bag.” Here is how it is done if you are a small business. If you are going to invert your headquarters outside the U.S., do it quickly. Congress is panic and plans to have an “exit tax” (just like the Soviets back in the hey days of the USSR).
Tax Court gives the blueprint on saving taxes on your investment income with your tax haven company. You got to read about this case if you have investment income, on this link.
New IRS internal legal memo gives tax breaks to the “check the box” foreign company incurring losses. Here are the tax saving IRS rules.
- Avoiding state income taxes this new IRS designer Nevada trust. IRS tells how to use your Nevada corporation as your trustee to legally stop paying state taxes on your investment income. Here’s what’s happening, on this link.
IRS blazes provocative tax savings for the foreign investor in U.S. real estate, on this link.
New 2014 IRS discloses the best business structure for the entrepreneur. Designed to allow you to pay less taxes now and to get the best refund during the next recession. Here is what is happening.
18th Century Supreme Court case destroys IRS tax penalty law. Using this case, the Tax Court gave the IRS a big defeat. Here is what happen. The Supreme Court is the “law of the Land”. It rules over the IRS and Congress.
It works both ways. The blog on this link explains the most missed Supreme Court Doctrine in this offshore plan blown away by the IRS.
The U.S. Department of the Treasury (a branch of the White House) issued an report on tax savings international tax plans that the IRS cannot stop. They reported the successful foreign tax plans of international businesses. We have obtain a copy. It is on this link.
If you have a business in a foreign country, this report will save your taxes. The international income tax planning strategies in this Government report are the trade secrets of offshore tax planners.
Trust are the most effective tax tool. International tax planning should start with a Nevada trust to own the foreign company.
This easy to read blog post has the blueprint for successful trust tax planning. International Tax Planning should start with a trust to own the foreign companies. Besides avoiding state income taxes, the trust can move onshore or offshore at any time. Surprisingly, an internal IRS memo disclosures how to protect assets and save taxes with an offshore trust. In this blog post, I discuss offshore tax planning and provide the IRS memo.
Learn how businesses are using the cloud to save taxes on this link. E-commerce businesses are avoiding state income taxes and in some cases deferring U.S. taxes.
Be an IRS tax wizard with our new custom Google search, below . I personally programmed this custom Google app to read 500,000 pages deep inside the IRS’s web site and the tax court’s web site.