Tag Archives: international tax planning

Provocative International Tax Accounting and Planning News for Small Business

Forget the Trump tax reform with a 20$% corporate tax rate because a new Government Report show business how to get a 14% tax rate, now.  Here’s what’s going on.    

International tax planning and strategy

Applying for an IRS ruling on your international tax planning will save you taxes in the long run.

Fantastic IRS 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.

Amazing IRS Avoidance of  state income taxes  with 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- Department of the Treasury letter to the U.K. tax authorities on U.S.  tax planning for UK and EU companies.  Here is the letter from the U.S. to the U.K. 

Be an IRS tax wizard with our new custom Google search, on this link.  This custom Google app to read 300,000 pages deep inside the IRS’s website and the tax court’s website and it is free!.  Find the answers to your tax question quickly and accurately.

18th Century Supreme Court case destroys IRS tax penalty law. Using this case, the Tax Court gave the IRS a significant 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 used by the IRS to blow up this offshore plan.

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.

Trusts 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 in 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 offshore cloud computer. 

Cloud tax planning. Learn how businesses are using the cloud to avoid taxes on this link. 

E-commerce companies are avoiding state income taxes and in some cases deferring U.S. taxes.

Here is how it works.  A computer service that can provide a service (such as a tax research program) or a product (such as music, e-books, video) has special sourcing rules.  The income can be foreign source income when the computer server in a foreign country. 

Is the U.S. a tax haven for citizens of the UK, Sweden, Belgium, Canada, Luxembourg, and Austria?  Yes, says the IRS in its Publication.  Learn the magic Tax Treaty words for these lucky citizens of The UK, Sweden, Belgium, Canada, Luxembourg, Austria on this link.

Why JFK Said Avoiding Taxes is Patriotic & Good for America

tax planning, avoid taxes, small tax business,

President John Kennedy (Democrat) is the most respected president of last century. The President and Supreme Court Justice Hand agreed that patriotism does not mean paying more than your legal share.
Supreme Court Justice Holmes said tax planning means you get as close to that legal line as possible

John F. Kennedy stated,  “My fellow Americans, ask not what your country can do for you, ask what you can do for your country.”

He also said that  “Every dollar released from taxation that is spared or invested will create a new job and a new salary.”

You, the business owner, are the only one that creates real jobs. The more you avoid taxes, the more jobs you can create. Continue reading

By Far, the Best International Tax Planning Book on the Planet

Here are the first few chapter of my easy to read book International Tax Planning in America for the Entrepreneur.   The book is a quick two-hour read with little tax jargon.  You will quickly learn the fundamentals of international taxation.

The book explains the unique tax savings for the web based business, tax planning for importers and exporters and the best tax structure for the foreign investor coming to the U.S. 

You can get the book on Amazon on this link.  The Kindle is only $9.50  (get the Kindle App for the PC on this link).  The book is also available in paper and audiobook. 

International Taxation in America for the Entrepreneur is the fastest tax answering publication in America. Both the  Kindle and PDF edition have our exclusive quick search function. Just type your topic and find the answer to any international tax planning question.  The audiobook is perfect for those on the road and traveling. 

No other foreign tax book is updated via the internet. You can be assured that you have the best foreign tax planning book on the market.

Cross Border families have special needs because America’s laws differ from every other country. The multi-national family risks paying taxes in more than one country.  

 A cross-border business has a similar problem.  Multi-national businesses often experience double taxation on one item.  American tax laws are different from the rest of the World.    

Using  “plain English” my book provides solutions to issues regarding cross border taxation.  For those looking for advance tax planning, the hundreds of footnotes and hyperlinks to court cases and tax planning articles are just a mouse click away.

The Transfer of “ Know-How” To a Foreign Corporation and International Tax Planning with the IRS’s Definition of “Know-How”.

United Kingdom claims U.S. LLC is a tax haven company

The United Kingdom is beating America as the better business country with a 17% tax rate.

Jeff is the founder of a new computer based start-up.  The business is virtual in that it has no store front.  The business is e-commerce.  Its website determines the walking score of locations.   His customers are real estate website, large apartment complex promoting their location and hotels by showing a good walking score. 

Jeff is expanding into England and Ireland and would like to tax advantage of Irelands 12% tax rate.  He is in California and the businesses effective tax rate is 44%.  He needs unique e-commerce tax planning. 

Here is Jeff’s tax issue of converting his business to an Irish company.

“The tax code section 367 attempts to keep a successful domestic business within the U.S.  Small businesses want to expand into new markets and not pay U.S. tax on their non-U.S. income.  

Section 367 provides that if intangible property (also known as intellectual property) is transferred to a foreign corporation, the tax savings are reduced.  Know-how is one of the types of property and is included in this law. 

The other intangible properties are trade-secrets and those created by a government such as a patent, copyright, trade name, and trademark. 
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The Amazing Tax Savings on the Sale or License of Know-how and Intellectual Properties by or to a Foreign (Offshore) Corporation

Every business owns “know-how.”  Big business’s tax department exploits the tax characteristics of this unique and mysterious asset.   You may have heard the term “intellectual property” or “IP” used by your attorney or CPA.  Know-how is a type of intellectual property.   

The small business tax planning strategies for know-how applies to intellectual property.

tax planning, avoid taxes, small tax business,

President John Kennedy (Democrat) is the most respected president of last century. The President and Supreme Court Justice Hand agreed that patriotism does not mean paying more than your legal share.
Supreme Court Justice Holmes said tax planning means you get as close to that legal line as possible

This blog is for small business wanting to save taxes.  This blog will provide the elementary concept of know-how.   

Know-how includes secret formula, secret process, trade secrets, business management, a website (especially an E-commerce website), inventory control, and 3D printing methods.   Know how is a type of intellectual property. 

In this article, the word “know-how” includes every type of intellectual property that does not have a patent, copyright, trade name, or trademark.

 When the sale of know-how is the sale of services related to another transaction, the income is ordinary income.   Capital gain is allowed when it is sold separately.

For example, Boeing sells 20 jet airliners.  The contract includes Boeing teaching the buyer how to repair and maintains the Jets.  The tax character of this “know-how” sell is the same as the character of the sale of the Jets.  In this case, the character is ordinary income because Boeing is in the business of selling planes. The Jets are Boeing’s inventory.

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