Travel · 07/17/2025

This article discusses tourist expenditure levels in the United States, currency exchange, and tipping culture, providing a detailed analysis of price differences across various cities. It particularly highlights the shopping tax refund policies, food costs, and transportation expenses, offering practical information and advice for travelers planning to visit the US, enabling them to better manage their travel budget.

Finance · 07/28/2025

This article outlines the importance of managing money in the United States, covering topics such as opening bank accounts, creating budgets, and understanding public benefits and government services to help immigrants smoothly adapt to the economic environment. It also discusses the use of credit cards and basic knowledge of personal income tax, providing comprehensive financial guidance for new immigrants.

Taxation · 08/21/2025

This article addresses common operational questions for Singapore companies. It covers topics such as CPF tax relief, cash accounting schemes, fiscal year-end selection, CEO appointment, and services including company registration in China (Hong Kong, Taiwan), ODI overseas investment filing, auditing & accounting, trademark registration, and immigration visas. It aims to provide businesses with a comprehensive and practical guide.

Taxation · 08/13/2025

Applicable large employers (ALEs) are required to report the health insurance information they provide to full-time employees to the IRS. This not only pertains to compliance but also affects employees' eligibility for premium tax credits. Certain ALEs may adopt simplified reporting methods, while filings of over 250 must be submitted electronically, highlighting the corporate sense of social responsibility.

Taxation · 08/13/2025

Chapter 13 of the bankruptcy code offers wage earners and sole proprietors an opportunity for debt restructuring, aiding them in regaining stability through a feasible plan. Applicants must meet specific criteria and can receive tax refunds during the bankruptcy period. Successfully completing the plan provides an opportunity for debt relief. Understanding the specific filing requirements and procedures is crucial.

Education · 08/06/2025

This article provides important information and resources about international immigrant assistance, including support from international organizations, finding local help, emergency services, targeted group support, educational training, and legal support.

Taxation · 07/18/2025

This article discusses the IRS's online payment plans designed to help taxpayers address overdue tax issues. Eligibility requirements must be met during the application process, and necessary information must be provided. Fees vary based on the type of plan, and taxpayers can manage existing payment plans online, allowing for flexible payment options. This program offers convenience to taxpayers facing financial pressure.

Taxation · 06/12/2025

The IRS recently issued Notice 33, expanding and modifying relief measures for information reporting by digital asset brokers. The notice includes relief from backup withholding tax liabilities and related penalties for transactions in 2026 and 2027. These measures aim to assist brokers in complying with new reporting requirements, especially concerning their customers' digital asset transactions, enhancing compliance and reducing burdens.

Taxation · 07/18/2025

This article provides a detailed analysis of the fundamental rights of taxpayers as recognized by the IRS, including the right to be informed, the right to quality service, the right to question, and the right to appeal. By understanding these rights, taxpayers can more effectively interact with the IRS, protect their interests, and ensure fairness and transparency in tax matters.

Taxation · 08/07/2025

An Offer in Compromise (OIC) is a solution for taxpayers to settle their tax debts for less than the full amount owed, suitable for those unable to pay in full. The IRS evaluates various factors, such as the taxpayer's ability, income, and expenses, to determine if the proposal is acceptable. Taxpayers should research all payment options and seek professional support when applying.

Taxation · 08/13/2025

This article explores the compliance and complexities faced by private foundations during asset disposal, emphasizing the legal risks involved in significant asset liquidation and distribution processes, as well as their importance for the foundation's operation. Proper asset management can not only promote the sustainable development of the foundation but also requires strict adherence to tax regulations to avoid potential legal consequences.

Insurance · 07/17/2025

This article details the coverage, pricing, purchasing methods, and recommended insurance companies for renters insurance in the United States. It covers natural disasters, valuable items, and liability insurance, emphasizing their importance in property protection. The article also provides suggestions for coverage amounts and tax deduction scenarios. Renters insurance offers comprehensive protection for tenants, helping to mitigate economic losses from accidents, making it an effective

Finance · 07/14/2025

Understanding the U.S. accounting system is crucial for every new resident. Familiarity with basic accounting terminology and operational mechanisms aids in financial management and tax compliance. This article outlines the Generally Accepted Accounting Principles (GAAP) in the U.S. and their key differences from International Financial Reporting Standards (IFRS), emphasizing the importance of accounting in maintaining business reputation and transparency. Mastering these fundamental concepts he

Finance · 07/18/2025

This article provides a comprehensive overview of basic financial management in the United States, covering how to open bank accounts, send remittances, create budgets, and understand tax filing. It emphasizes the importance of bank accounts and offers advice on public benefits and credit management. By establishing reasonable budgets and building credit history, it helps immigrants to better understand and navigate the financial landscape in the U.S.

Taxation · 07/18/2025

Form 5471 is primarily used for U.S. citizens and residents to report their investments and management in foreign companies. Submission requirements include owning shares of a foreign company or serving as an executive or director. The information required is related to the ownership percentage and must be submitted by the tax filing deadline; late submissions incur significant penalties. Compliance is crucial to avoid fines.