Foreign Earned Income Exclusion for U.S. Taxpayers living abroad
Or see video here: Foreign Earned Income Exclusion for U.S. Taxpayers living abroad If you are a U.S. citizen or a U.S. resident alien living in a foreign country, you are subject to the same U.S. income tax laws that apply to citizens and resident aliens living in the United States. One potential benefit for […]
Year-End Tax Planning – 2018 U.S. Tax Updates
Just a friendly reminder, if you need to pay US federal estimated taxes, 2017 4th quarter payment is due on or before January 15, 2018. To help you plan for 2018 and understand the tax law changes, here is a brief summary that will take effect beginning in 2018 under the major piece of tax […]
Trump’s Tax Plan – A Summary 特朗普的稅收計劃 – 總結
Recently our clients have been asking how will Trump’s new tax reform affect their tax situations. As of this posting, it’s important to know that none of the proposals have been put into place yet. On September 29, 2017, at the Mandarin Oriental Hotel in Washington DC, President Donald Trump laid out his proposed tax […]
Living abroad? Mail your individual tax returns to the right place. Regular and Private Delivery Service Mailing Addresses
With all the current technology, many U.S. taxpayers are allowed to electronically file their tax returns and pay taxes online… even while living overseas. At American Pacific Tax, we use secure channels and encryption software to help our clients manager their tax information securely so they can electronically file their tax returns. However, certain taxpayers may […]
All you need to know about the standard deduction
What is the Standard Deduction? The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. Your standard deduction consists of the sum of the basic standard deduction and any additional standard deductions for age and/or blindness. In general, the standard deduction is adjusted each year for inflation […]
Mid-Year Tax Updates
Get the latest tax updates here September 2017 We’re expanding to help you find the best solutions to handle your US taxes everyday.Here are some important updates: Just a friendly reminder, if you are required to make estimated tax payments, the 3rd quarter payment is due on or before September 15, 2017. Alternatively, payment can be made online via: https://www.irs.gov/payments We’ve […]
We’ve moved September 2017 – New Office Welcome Party Pics!
Come visit us at our new address in Quarry Bay: American Pacific Tax Limited Prosperity Millennia Plaza Unit 2609, 26/F, 663 King’s Road Quarry Bay, Hong Kong Contact us today to get in touch with one of our tax specialist to help you better prepare for year end 2017. A very warm thank you to […]
Elite Leaders Gathered at North Asia Management Accounting Leaders’ Summit 2017
Elite Leaders Gathered at North Asia Management Accounting Leaders’ Summit 2017 Turning Challenges into Opportunities in New Era June 13th, 2017 Hong Kong The highly anticipated North Asia Management Accounting Leaders’ Summit 2017 was successfully concluded yesterday in LT1, Cheng Yu Tung Building at the Chinese University of Hong Kong (CUHK) Business School. There were […]
Remain on Alert to Online and Phone Scams!
In recent years, thousands of people have lost millions of dollars to tax scams and fake communication fraud. The IRS reminds taxpayers to protect themselves from criminals as the number of incidents continue to grow in today’s digital age. How do scams work? Scammers make unsolicited calls claiming to be IRS officials, and they can […]
ITIN renewal questions
ITIN renewal questions? The IRS issues ITINs (individual taxpayer ID numbers) to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs (social security numbers). A non-resident alien individual not eligible for a SSN who is required to file a U.S. tax return only to claim a refund of […]