February 2017

Read this if you own any U.S. stocks (especially if youre not American)

Today I’m sharing an article from – http://truewealthpublishing.activehosted.com/index.php?action=social&chash=0f49c89d1e7298bb9930789c8ed59d48.367 Die, and the U.S. government could confiscate 40 percent of your portfolio… Even if you aren’t American! By Tama Churchouse   “Nothing is certain except death and taxes” – Benjamin Franklin We don’t spend too much time worrying about taxes here in Hong Kong. Hong Kong is one of […]

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IRS Eliminates ITIN Certifying Acceptance Agent Program Outside of the US!

According to a recent IRS communication, the IRS will implement the new provision on January 1, 2017, which will eliminate the need for Certifying Acceptance Agents outside of the United States. Specifically, pursuant to Section 203 of the Protecting Americans from Tax Hikes Act of 2015 (the “PATH Act”), Pub. L. 114-113, div. Q, enacted

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Tax Delinquent?  May lose your Passport!!

On December 4, 2015, the Fixing America’s Surface Transportation Act, or “FAST Act,”  became law. The purpose of the law was to provide long-term funding for transportation projects, including new highways. However, the Act also included a significant new provision that allows the Department of State (sometimes just called “State Department”) to yank passports from delinquent

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EXECUTIVE ORDER: PROTECTING THE NATION FROM FOREIGN TERRORIST ENTRY INTO THE UNITED STATES

On January 27, 2017, President Donald Trump issued an Executive Order (EO) entitled “Protecting the Nation from Foreign Terrorist Entry into the United States.”  Do read the text in full here – https://www.whitehouse.gov/the-press-office/2017/01/27/executive-order-protecting-nation-foreign-terrorist-entry-united-states Otherwise, here are 10 key points to consider – 1.   The order prohibits visa issuance and admission for a temporary period

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