Hong Kong US Tax Tips
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US Income Tax Return Need To Be Filed- Must
US citizens who have earned income from any source standing in an obligatory position to file a Hong Kong US taxes return, even if they live across US borders. The only exception is for a citizen whose income is below statutory filing limits. Failing to file an obliged return may result in the imposition of significant civil and possible criminal charges. Visit Us :- http://www.htj.tax/
Tips To Reduce Income Tax Liability
Hire an experienced tax consultant. Reduce your Tax liability With Foreign Earned Income. File for an extension if you need more time.
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Hire An Experienced Tax Consultant
In the very first step, you need to take the throughout guidance of a tax pro because you can excel in marketing profile or even promoting the brand but excellence over computing right taxation value is quite a questionable concern. After all, American tax consulting Hong Kong advisors are tax professionals who always stay updated with the IRS Tax code which keeps changing every year. Since they have obtained different certifications in order to provide right tax guidance, including financial advice, they can guide you year-round so you can make smarter monetary decisions. Visit Us :- http://www.htj.tax/
Reduce Your Tax Liability With Foreign Earned Income ď ˝
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This is the best way an expat can reduce his tax liability while using the provision of FEIE (Foreign Earned Income Exclusion). You might also be able to exclude certain housing expenses, such as rent and utilities, by qualifying yourself to make a claim under this provision.
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File For An Extension If You Need More Time
If you miss the opportunity to qualify the FEIE provision to avail the substantial tax benefits, don’t lose hope so early. Still, you will have the chance to qualify in the near future. All you have to do is apply for an extension or file the required form, which buys you even more time.
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