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? 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 [...]
Here are some pictures from Friday May 12th event: See more on Facebook
We would like to invite you to our joint event where we will discuss the options and opportunities and taxes for investing in Hawaii (USA). 1. Historical, current and future outlook of the Hawaii economy and real estate market. 2. Honolulu physical real estate investment options 3. Hawaii stocks and bonds compare with their [...]
FinCEN Form 114 (FBAR) Report of Foreign Bank and Financial Accounts is an annual filing required for U.S. persons that have a financial interest in or signature authority (such as your relatives’ or employer’s account(s)) over foreign financial accounts, if the aggregate value of the foreign accounts exceeds $10,000 at any time during the year. [...]
For most U.S. taxpayers living and working in Hong Kong, they may also be subject to filing Hong Kong tax returns and paying Hong Kong taxes. Here is a brief introduction to Hong Kong income taxes (salaries tax). Other types of Hong Kong taxes include profits tax and property tax. Hong Kong does not tax [...]
Happy New Year! Here are some updates about the upcoming 2016 tax filing season. Here is some useful tax information that can help. Keep organized and start securely saving each and every tax form that arrives in your mailbox (both hard copy and soft copies). This can be kept in your filing cabinet at home, as [...]
Happy Thanksgiving and happy holidays! Now that the US elections are almost a month behind us, now is a good time to start planning for 2017. With the interest in our last presentation, we’re holding another joint presentation on Thursday December 8th to share: Continue reading “Year-end tax planning and investment strategies presentation December 8th” [...]
As the year draws to a close, now is an excellent time to review your current tax planning strategies to ensure they’re still meeting your needs and to develop plans for 2017. It’s also a good time to take advantage of last-minute planning opportunities that could save you money now and in the coming year. [...]
There are many aspects of tax return preparation that need to be considered. By having a professional tax preparer on your team, the following issues can be handled providing the most efficient results. Complexity U.S. tax returns for individuals living abroad are more complicated than in the US. Each taxpayer has their own different [...]