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Provocative International Tax News

offshore tax planning, offshore tax strategies, controlled foreign corporation,

Tax Planning Small Business Are Taxed at 14%

Government Report Shames Businesses Paying More than 14% in Taxes.    Hard to believe that Senator Bernie Sanders  (who paid tax at 13%) released the report.  It reports that business that plan their taxes are taxed at 14%.   Here’s what’s going on.

International tax planning for the Contract Manufactuere

International tax planning for the Contract Manufacturer

Amazing tax savings for importers of contracted manufacturer of their products.  This new IRS law gives tax savings to small businesses.  Learn more on this link and send it to your CPA.
For additional small business tax savings get my book International Taxation in America for the Entrepreneur on sale for $9.50 on this link.

International tax planning

Small businesses are now reaping big tax savings.  Importers, exporters, and e-commerce business can use the same loopholes as big business. I wrote my book to teach you these tried and true strategies in an easy two-hour read.

But, I did more.  I had an audiobook created.  It downloads onto your smartphone so that you can listen while you are commuting.   Get the 2016 edition of  International Taxation in America for the Entrepreneur for $9.50 at Amazon on this link.

saving taxes, how to save taxes, tax planning,

Saving taxes with an IRS approved tax plan is called a private letter ruling.

International Gift Tax Plans with this IRS internal letter on this link. Fantastic legal tax avoidance for the foreign person with family in the U.S. is explained in this letter.

  • 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 happeningon this link.

New- Saving international taxes with this letter from the U.S. Department of the Treasury letter to the U.K. tax authorities on tax planning in the U.S. for UK and EU companies.

Tax planning, with the Supreme Court common tax laws

Tax planning with Supreme Court common tax laws

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 use by the IRS to blow up this offshore plan.

international tax planning, international, tax, planning,

International tax planning and international tax savings with this Treasury Department report. 

The secret report on tax savings international tax plans that the IRS cannot stop was issued by the U.S. Department of the Treasury (a branch of the White House).

They reported the successful foreign tax plans of international businesses. We have obtained a copy.  It is on this link.   Here you will learn the legitimate foreign tax plans that Congress likes. 

offshore trust, foreign trust, nevada trust, estate planning trust, esbt,    Since the Middle Ages, the wealthy have capitalized on trusts to avoid paying taxes. During the Great Crusades, upon the death of a knight, his entire estate went to the king.    Nine hundred years later, things have not changed much except the ‘King” takes only half.

Trust are the most efficient tax tool. International tax planning should start with a Nevada trust to own the foreign company.  Learn trust tax planning and asset protection on this easy to read blog post.    It has the blueprint for successful trust tax planning.   IRS memo on asset protection and tax planning with an offshore trust.  Get it now on this blog post.

internet tax planning, saving taxes, cloud tax planning ,

Saving taxes with the cloud-based

Cloud tax planning. Learn how businesses are using the cloud to save taxes on this link.  E-commerce companies 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.  This custom Google app to read 400,000 pages deep inside the IRS’s website and the tax court’s website.


Treasury Department Leads the Way in Saving Taxes and Protecting Assets with a Foreign Trust

saving taxes, how to save taxes, tax planning,

Saving taxes by requesting a private letter ruling from the IRS National Office.

At the end of last century, the Department of the Treasury led the way in making foreign trust attractive.  The IRS issued a legal memorandum providing the blueprint for protecting assets and saving taxes. 

Nevada  provides unique asset protection for these trusts.  A new IRS regulation allows the Nevada trust to be classified as a foreign trust. 

The tax advantage of a foreign trust is its classification as a “grantor trust.”  This tax plan uses a special asset protection section of the tax code, section 679.

Unlike a domestic trust, all assets transferred to a foreign trust are allowed “grantor trust” status (with one tax planning exception explained below).  They are also excluded from the taxable estate of the settlor.

As a “grantor trust,” the tax law allows the transfers of assets to the trust to be income tax-free.  Thus, you can do what you want to protect your assets and reduce estate taxes without worrying about income taxation.  

This IRS blueprint on foreign trust tax planning is the explained in this episode of my radio show, Tax Talk below.

The play time is about 22 minutes.  Or, If you would like to brainstorm your tax planning, then please call me, Brian Dooley CPA, at 949-939-3414 for a consultation.

If you want to defer income taxes, then fund the foreign trust with a loan due within five years.  Such a loan is called a “qualified obligation.”  This makes the trust a tax deferral vehicle.  The tax deferral can last for more than a century.  This type of a trust is named “non-grantor foreign trust.” 

The IRS Form 3520-A (filed by the trustee) details the tax planning structure for a tax-deferred foreign trust.  You will want to use the “qualified obligation” found on page 3 of the Form 3520 (filed by the settlor).   

Learn the basics on offshore trust on this short video.  Be an expert with my easy to read book, International Taxation in America, available at Amazon.

How Do You Know If You Have the Best International Tax CPA

With a million pages of tax law, you want the best tax accountant.  However, the question is do you want to pay for the best.    Is a tax accountant like a car?  Are they all the same.  Do you feel that all cars are the same as far as safety and comfort?    If you want the best, it cost more.   

But can the best CPA save you money?  Senator Bernie Sanders think they can.  During the campaign, he had the U.S. Senate investigate big businesses that hired the best CPAs for tax planning.   The businesses average tax rate was 14%.    Most small businesses are taxed at 35% and up to 54% if you include the Self-employment tax.   Here is more on Senator Sanders report.

 If you are looking for international tax planning, here is a link to the U.S. Government secret report on legitimate offshore tax planning that they can’t stop.  It is detailed and if you want something that is an easy two-hour read, then get my book, on this link.

What to look for in the “best tax accountant.”

  1. A CPA certificate
  2. A masters degree in taxation
  3. 2018 tax planning started in  2016 and
  4. He saves you ten times the amount you pay him or her.  For example,  a tax accountant may look at your expenses.  The tax law is will establish on what can be deducted and he or she only needs a few minutes on tax planning on this topic.   Income and cash receipts have more tax strategies.  Not all cash receipts are taxable when received.  Avoiding state income taxes is done by looking at the type of activities that can be earned by a Nevada trust or a Nevada corporation.

What you need to do for tax planning.

You are the leader of your tax team.  As such, you take the lead in scheduling quarterly meetings. Yes, this will cost some money and money you pay is deductible.  Meanwhile, the amount you pay in taxes is not.  For example, if your quarterly meetings cost you $20,000 a year, then your after tax cost is about $10,000.    I would expect you would save $50,000 in U.S. and state income taxes.

Want some tax ideas to brainstorm with your tax team?   Then please look at the topics of our blog talk network, Tax Talk, on this link.

 

 

 

 

By far the best international tax CPA in the country. 

International Tax CPA PLanning for Citizens of UK, Sweden, Belgium, Canada, Luxembourg & Austria

Here are the magic Tax Treaty words for your tax CPA for these lucky citizens of The UK, Sweden, Belgium, Canada, Luxembourg, Austria, Thailand and Tunisia:
“An individual who is a United States citizen or an alien admitted to the United States  for permanent residence (a “green card” holder) is a resident of the United States only if the  individual has a substantial presence, permanent home or habitual abode in the United States and if that individual is not a resident of a State other than the name for other country for the purposes  of a double taxation convention between that State and the name for other country.”

Tax Treaties with these words allow U.S. resident aliens to legally not pay U.S. income taxes on their foreign income.   For example,  Mr. Bond, a U.K. citizen has a substantial presence in the U.S.  He does not have a green card.  He is in the U.S. on an investor visa. Mr. Bond only pays U.S. income tax on his U.S. income.  The income from his U.K. business and all other foreign companies or investments is U.S.

Mr. Bond only pays U.S. income tax on his U.S. income.  The income from his U.K. business and all other foreign companies or investments is U.S. tax free.

IRS Publication 519 “states that the U.S. domestic rules that determine if a non-U.S. citizen is a U.S. resident do not override tax treaty definitions of residency.”

Below is our e-book of IRS Publication 519 explaining international tax planning for Sam, a U.K. citizen living in the U.S.

The example applies to citizens of other countries with a tax treaty containing these magic words.  If you have overpaid your American taxes or just need help, then call me, Brian Dooley, CPA, MBT at 949-939-3414.

Internet Tax Planning – Saving Taxes with the Cloud

tax planning, saving taxes, cloud tax ,

Saving taxes with the cloud-based business requires innovative tax planning,

Internet tax planning provides fantastic tax savings. 

The Internet-based business decides which country or state has the best tax advantage.  Saving taxes is easier than ever.  You will learn how to save taxes on this blog.

International e-commerce tax planning starts with placing your computer server in a low tax or no tax jurisdiction.  Web-based business tax planning provides big state and federal tax savings. To learn how big international companies are using the internet to legitimately avoid taxes, please view the California Society of CPAs 40 minutes seminar on this link or listen below on my blog Tax Talk radio show.  You can also download the show as a podcast from iTunes.
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