3 01, 2025

Exploring FinCEN’s Beneficial Ownership Reporting Requirements

2025-01-03T08:27:33+00:00*FAQs (Frequently Asked Questions), Deadlines, FBAR/FATCA, Other Information, U.S. Taxes - General|0 Comments

Beneficial ownership information reporting is a key initiative introduced by the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA), aimed at increasing transparency in corporate ownership and combating illicit financial activities. Background The Corporate Transparency Act, enacted in 2021, mandates that many entities doing business in the United States disclose information about [...]

13 09, 2024

10 Common Tax Questions

2024-09-13T07:18:41+00:00*FAQs (Frequently Asked Questions)|0 Comments

1)  When is the due date for filing my federal individual income tax return? Can I request an extension?  Return Type  Original Due Date  Extended Due Date Form 1040 Individual April 15th If you're a calendar year filer and your tax year ends on December 31. October 15th If you have previously filed an extension [...]

9 11, 2023

Exciting Highlights from Participation at the Hong Kong Fintech Week 2023

2023-11-10T07:21:48+00:00Other Information|0 Comments

Unlocking Potential and Embracing Innovation in the Digital Age Hong Kong Fintech Week 2023 concluded last week, attracting a distinguished gathering of top industry leaders. The event, held at the prestigious Hong Kong Convention and Exhibition Centre, brought together influential figures from finance, technology, academia, and regulatory sectors. These elite leaders delivered captivating speeches, engaged [...]

5 09, 2023

How to obtain Hong Kong personal Mandatory Provident Fund account information?

2023-09-05T08:37:46+00:00Other Information|0 Comments

If you are not sure how many Mandatory Provident Fund (“MPF”) personal accounts you are holding, you may use the e-Enquiry of Personal Account (“ePA”) platform. The ePA is an electronic platform established by the Mandatory Provident Fund Schemes Authority (“MPFA”) to provide an easy-accessible channel for members of Mandatory Provident Fund (“MPF”) schemes to [...]

29 05, 2023

Form 8833: Your Key to Unlocking Tax Treaty Benefits

2023-05-29T09:06:08+00:00Foreign Persons/Nonresident Aliens(NRA), Tax Benefits|0 Comments

What is Form 8833? Form 8833 is a document that taxpayers must file with the Internal Revenue Service (IRS) if they are claiming a treaty-based return position. A treaty-based return position is when a taxpayer is claiming a tax treaty benefit that overrides the Internal Revenue Code (IRC). Form 8833 is used to disclose the taxpayer's position and provide the necessary information [...]

8 03, 2023

Form 8854: Initial and Annual Expatriation Statement

2023-03-08T08:38:58+00:00*FAQs (Frequently Asked Questions), Penalties, Tax Filing Requirements|0 Comments

In the past few years, there has been an upsurge in US citizenship renunciations. In a recent Forbes article[i], between 2005 and 2009, less than 2,500 people renounced their citizenship. Between 2010 and 2020, this number went up to 36,840. The reasons behind such renunciations could be political or personal and irrespective of the reasons [...]

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