International & Offshore

Offshore Asset Protection - Where We Are Now
The current status of Offshore Asset Protection. A lot has changed since the 1990s.

IRS Warns on Abusive Offshore Tax Avoidance Schemes
The IRS has warned about Abusive Offshore Tax Avoidance Schemes, including Limited Liability Companies owned by non-resident alients, offshore deferred compensation arrangements, fictitious or overstated invoicing to foreign entities, foreign factoring of accounts receivables, abusive "captive" insurance arrangements where there is no real spreading or shifting of risk, shifting of income via offshore private annuities, offshore internet businesses, offshore wagering, and repatriation of funds into the U.S. via offshore credit cards and offshore debit cards.

Tax Haven Abuses: The Enablers, The Tools and Secrecy

IRS Guide to Abusive Offshore Tax Avoidance Schemes
An Abusive Scheme Toolkit for External Stakeholders

Hiding Money Offshore
Secret Offshore Bank accounts and why it is NOT a good idea.

Patriot Act
An act to deter and punish terrorist acts in the U.S. and around the world, to enhance law enforcement investigatory tools, and other purposes.

Treasury Department Form TD F 90.22-1
Required to be used by U.S. persons to report interests in financial accounts held abroad.

Reinvoicing / Transfer Pricing
Establishing an intermediary company offshore to divert profits. The IRS has some of its strongest powers to fight these structures.

Offshore Jurisdictions

Offshore Planning Terms

• Offshore Private Placement Deferred Variable Annuity
  (OPPDVA or more commonly "Swiss Annuity")
  A variable annuity with annuity payments initially deferred that is offered by a foreign insurance company on a private placement basis, and which are typically customized to the specific needs of the policyholder.

• Offshore Private Placement Variable Universal Life Insurance
  (OPPVULI or more commonly "Offshore PPLI")
  A variable universal life insurance policy that is offered by a foreign insurance company on an private placement basis, and which is highly customized for the specific needs of the policyholder.

• Repatriation Order
  An order to the debtor to bring assets back within the jurisdiction of the court; if the debtor does not do so, typically the court will order the debtor incarcerated for contempt.

The all-time asset protection

best seller is available from:

Amazon.com

Barnes & Noble.com

About AssetProtectionBook.com

This website is by far the largest and most comprehensive creditor-debtor and asset protection resource available anywhere. This website hosts thousands of pages of articles, cases, statutes, analysis, and many other resources to assist planners and judgment collection professionals in researching contemporary creditor-debtor issues.

While the articles and analysis on this website are most often drafted from a planner's point of view, creditor attorneys and judgment collection professionals will also find many of these resources to be highly useful. We have tried whenever possible to be balanced in our analysis by pointing out strengths and weaknesses in different structures and strategies from both the planner's and creditor's viewpoint.

This website was primarily created to support our book Asset Protection: Concepts and Strategies (McGraw-Hill 2004). Because of the publishing agreement with McGraw-Hill Companies, Inc., certain articles which were used as the basis for that book have been withdrawn from internet publication. It is suggested that the book be used as the primary resource, and that the other materials on this website should be used as supporting materials only as needed.

Available from

Amazon.com

and

Barnes & Noble