How to: Minimize U.S. Tax Reporting Requirements (Legally!) If you are an American living overseas, the walls are closing in on you quickly. If your foreign bank hasn’t already closed your account, don’t hold your breath because it is probably coming quickly. A large number of excellent articles have covered the implementation of FATCA and [...]
Why We Recommend a Luxembourg Regulator For Investor Protection The banking crisis in 2008 undermined the financial strength of institutions such as banks and insurance companies, and people are now once again concerned about the safety of their savings. The only certain way for investors to achieve security from institutional failure is through a state [...]
Annually the 402(b) Custodian is excluded from reporting the value of your tax deferred account. YOU file to the IRS Form 8938 “Zero Value” and you report the actual value on the FBAR Form. This process validates transparency with the IRS. The Custodian is specifically an excluded FFI by FATCA. You control and manage the [...]
The Luxembourg Parliament has adopted a law on Specialized Investment Funds (SIF), which offers a number of new features, including a broader definition of “eligible investors” to include both professional and private “well-informed” investors. The new law replaces the law of 19 July, 1991 which concerned collective investment schemes reserved for institutional investors. According to [...]
The Republic of the Marshall Islands (RMI) has one of the finest bodies of corporate law in the world, having closely modeled their laws after the top corporate haven in the world: the State of Delaware. The RMI is a former U.S. dependency in the Pacific Ocean which is now entirely independent. One of the [...]
