One of the most common motivations for those who venture offshore is the belief that they can avoid or defer U.S. income taxes with a foreign bank account, a foreign trust or a bearer share foreign international business company. Some of that belief is based on very old and outdated information. Some of it is caused by articles and information that is grossly over-simplified or taken out of context and therefore mis-understood. And, then there are the outright sharks and crooks who have no concern about giving blatantly false information to gullible U.S. taxpayers.
For almost seven years, Richard Duke and I have tried to help clients and readers and seminar students to avoid getting caught in a quagmire of penalties and potential criminal charges because of false or mis-leading information about how the U.S. tax law applies to doing
business, working or investing offshore.
But during those seven years, a lot of readers, subscribers, students and clients have pressed us to explain what can be done to save taxes offshore without breaking the law.
We first addressed the question with a short article of about four or five pages. Then we expanded it to a report of about 15 to 20 pages. We then included the subject of how to save taxes offshore in our seminars. A few years ago, we expanded on the subject further by
producing a report of about 60 pages. Now we have updated and expanded that report into a small book.
The title is Legal Ways to Save Taxes Offshore and Onshore.
The new book is about 110 pages, 8.5 x 11, single spaced.
It includes a few more than 100 different tax reduction methods.
Each of the tax reduction methods will work outside the U.S. and most
of them will work inside the U.S. as well.
The book also includes an extensive discussion of the alternative minimum tax and we comment on whether the AMT will affect each of the different income tax reduction methods discussed. The book also includes a substantial discussion of how to avoid Federal estate taxes.
Not only have we greatly increased the content of this book, but we have reduced the price of the printed edition and have introduced an e-book version for just $32. (The printed book is $62.00)
Like most of our books and reports, this book is written for the layman with little or no training in the peculiar jargon of the tax law. The book includes an extensive plain English Glossary of the tax terms that we had to use at one point or another.
And, like all of the books sold by Offshore Press, Inc., the book is sold with a no-hassle money back guarantee. If you are not satisfied for any reason, your money will be refunded.
Further details are available at