Common IRS tax issues for US-Chinese filers

Common IRS tax issues for US-Chinese filers

http://ift.tt/2vt3BdA Along with FATCA and FBAR reporting, these are the specific Chinese IRS tax issues our team of tax attorneys, CPAs, and tax preparers assist our clients with: Common tax issues of our Chinese-American clients Closely held foreign corporations in China, Hong Kong, Singapore, where all parties might not be US persons. This requires Investment in the US, especially real estate, where not all investors may be US persons Capital controls, and avoiding tax drag of it taking potentially years to move money out of China. EB-5 and other investment VISA holders. Often do not get the optimum tax advice before becoming a US person. Gifting money to adult children who are US persons living in the US. There is a US-China treaty on double-taxation. But like most, the savings clause can create instances of double taxation. It take planning and using the correct deductions and credits to eliminate the risk of double taxation. Offshore Voluntary Disclosure Programs If you have made a mistake in previous IRS tax filings, or haven't filed at all, we can help. We are the nation's premier offshore disclosure firm. We have helped thousands of Chinese and others from around the globe properly disclose to the IRS. We can help you too. Parent & Parent LLP 144 S Main Street Wallingford, CT 06492 (203) 269-6699 http://ift.tt/1RfwK1f info@irsmedic.com https://youtu.be/Jc4S1akLXek IRS Medic