Unreportable Real Estate and Precious Metals
Today I want to share with you a couple of options for legally and safely getting your assets out of the US without the requirement of federal reporting. There are really only two ways to do this. Buy real estate or hold precious metals like gold outside of the US. If you hold any other […]
Why Offshore Asset Protection?
This is a legitimate question and one I get frequently. Many people are scared away by the term “offshore asset protection” thinking it involves something inherently illegal. This is an unfortunate consequence of being bombarded by media. There is nothing illegal or immoral about offshore asset protection. In reality, it is not even difficult or […]
What is Asset Protection?
For many, this conjures images of the stereotypical Colombian drug lord laundering money in some offshore bank account in the Caymans. For others, it may bring forth images of former Enron executives with their money stashed away in Bermuda. And while this may be true for some, there are many legitimate entrepreneurs and investors at […]
Structuring Offshore Trusts for Asset Protection
For my subscribers last week, I wrote details on one way to properly structure an offshore trust to maximize asset protection. Trusts are one of the oldest (if not the oldest) forms of legal ownership for property dating back to the Roman times. While they are a bit abstract and difficult to understand, they are […]
$40,000 Vacation Home in Costa Rica
All US citizens must report any offshore assets cumulatively valued at more than $10,000 to the Federal government. With two exceptions; real estate and precious metals. If you are interested in offshore asset protection, these are your only two asset classes that do not require disclosure. My job is to inform you about these types […]
The IRS is Buying Guns…
The following is an excerpt from the IRS specs on sources new armaments for the officers. Hmmmm, now why would IRS agents need to be so well armed? The Internal Revenue Service (IRS) intends to purchase sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division. The Remington parkerized […]
Swiss Private Banks Refusing US Clients
This week I am attending an investment conference in Zurich called Fonds 2010. I spent the day walking through the exhibitor area speaking to Swiss private banks, investment firm managers, hedge fund managers, and most any other type of investment professional you can think of. I approached one unnamed banker and asked if his company […]
How to defer income taxes indefinetely…
I know that headline is a bold statement, but I have been researching this for quite a while and there is a way for US citizens to defer income taxes on business income. While this program is certainly not for everyone, for those of you that meet all the requirements, this can be huge. Let […]
2 ways to move assets offshore without reporting – pt 2
As I mentioned in my previous post, there are two ways. The other is holding precious metals in an offshore vault. Gold has historically been a consistent use of money and will continue to be used that way long after we are gone. Paper money no longer has any value and is only guaranteed by […]
2 ways to move assets offshore without reporting – pt 1
There are only two ways to move assets offshore for US citizens without having to report them to the IRS; real estate and precious metals. Now keep in mind that all US citizens and residents are required to report any worldwide income regardless of where you live. So if you were thinking about buying that […]
