By
Gary Scott
Part of Everlasting Wealth is
keeping what you make and one tax tip on how too gain an international tax savings
Utopia comes from tax attorney Carlos Kepke who shows that if you are a U.S. citizen
fortunate enough to have a foreign relative (by blood or by marriage) who is willing
to create a foreign trust for you and/or your family members as beneficiaries
then you have within your grasp the ultimate international tax savings utopia.
With such a trust, if it is revocable,
U.S. beneficiaries may receive tax free distributions, and they need not even
disclose those distributions to the I.R.S. if they do not exceed $100,000.00 per
year.
The kicker is that the trust
must be revocable (usually by the foreign relative/grantor). Revocability can
expose the trust's assets but certain safety procedures can be put in place to
minimize this exposure.
All in all this international
tax savings utopia is well worth pursuing if one has a willing foreign relative
to act as the grantor/creator of the foreign trust.
This is not an international
tax savings utopia for everyone because of its complexity and this simple tip
is just meant to expose the idea to those who might be in this position.
This tip international tax savings
utopia does not go into the highly technical explanation of how this loophole
works nor does it outline the costs that make this viable only for those with
substantial assets to set aside.
However if you have the foreign
relative and the assets, I highly recommend that you get in touch with a tax attorney
who has experience in this international tax savings utopia. Carlos Kepke has
provided us with this tip. His email address is carloskepke@webtv.
Good international business and
investing!
Gary
P.S. Learn more about offshore
trust tax tips in the correspondence course International Business Made EZ at
GaryScott.com
Real international business is
fun and can bring tax advantages and asset protection. Gary and Merri Scott gain
tax advantages as they enjoy developing their healing center in Ecuador
