The IRS apparently wants us to believe the only reason U.S. persons and companies venture offshore is to evade taxes. Vernon Jacobs, a CPA and co-author of Offshore Tax Strategies says, “While there is some truth to that claim, the predominant reason why people venture offshore is for investment diversification, protection from predatory litigation, business opportunities in expanding markets, job opportunities and retirement in lower cost parts of the world.”

But the U.S. tax system can be harsh on those who venture offshore, even for those who wish to remain in the good graces of the tax collector. Few taxpayers and U.S. tax preparers are familiar with the confusing and convoluted rules that apply to cross border investments or businesses owned by U.S. taxpayers. To help those who are not seeking to evade taxes, Jacobs and co-author Richard Duke have written a concise, plain English explanation of the basic U.S. tax rules for those who invest offshore, work offshore or do business in other countries.

Offshore Tax Strategies is a new, simplified guide to tax compliance for those with international interests who do not want to spend their time and money engaged in disputes with the IRS. It’s available as an e-Book for $37 or in printed form for $67, with free shipping in the U.S.  Free review copies of the ebook are available to editors, reporters and columnists. Jacobs claims it is the only intelligible explanation of the Byzantine international tax rules for U.S. persons available anywhere. (Send an email to Jacobs@offshorepress.com)

Vernon Jacobs is a member of the American Institute of CPAs Technical Resource Panel on International Taxation, has written in excess of ten books on taxation for the public and is the Editor of the International Wealth Protection Monitor newsletter published by Offshore Press. Richard Duke is an international tax attorney, adjunct professor of international tax law and is in demand as a speaker at international tax and financial conferences.

 Offshore Tax Strategies is not available in bookstores but can be ordered from the Offshore Press, Inc. web site at http://www.offshorepress.com/offshoretax/index.htm