Strategies of US Taxation in Singapore

1. Strategies of US Taxation in Singapore Visit us:- http://advancedamericantax.com/

2. Hire a USA tax expert in Singapore- • The most difficult thing to understand in the world is the US taxation provision for expatriates. • To overcome this concern, it is the unparalleled expertise and knowledge of US taxation specialists that may help you create an effective plan to reduce the complications involved in working overseas by managing compensation and US taxation issues. • The professionals of US taxation in Singapore will create the most effective strategies to reduce the tax amounts and make expatriates eligible for exclusions. Visit us:- http://advancedamericantax.com/

3. Pay consideration to deductions- • Another smart piece of effective tax reduction strategy is that US expats are allowed to claim IRS deductions in order to reduce their tax amount. • A list of deductions for US tax in Singapore are available for expatriates to lower their annual taxable income for the year and avoid dual payment of tax. US tax expats in Singapore can avail one of two tax deduction options to reduce their tax liability. Visit us:- http://advancedamericantax.com/

4. Foreign Earned Income Exclusion-  • Expats are allowed to claim the Foreign Earned Income Exclusion (FEIE) by filing the IRS Form 2555 to reduce a certain amount of the US tax. • To claim the FEIE, expats need to qualify the FEIE eligibility criteria which again needs a strategy of US expat tax experts. For this, you need to prove that either you have lived outside the US for 330 days or you’re a permanent resident of a foreign country. • To prove any of these criteria requires a well-planned strategy of an experienced tax specialist. Visit us:- http://advancedamericantax.com/

5. Foreign Tax Credit (FTC) –  • The income tax rates of Singapore are usually higher than those in the US and many other foreign countries. So, the US expats living or working in Singapore are burdened with higher tax rates. • To reduce their annual tax stress, they can claim the FTC as an exclusion allotted especially to US expats in Singapore to reduce their annual tax obligations. Also, expats are allowed to carry forward the FTC for up to a maximum of 10 consequent years. Visit us:- http://advancedamericantax.com/

6. Don’t overlook tax withholding- • As a self-employed individual, if you received a bonus, commission, or faced a tax windfall in previous years, be prepared to see a huge tax bill or penalty for underpayment of tab obligation. • To avoid such dreadful situations, it is recommended by the expert on American tax in Singapore to make payment quarterly of at least 110% of the previous year’s tax liability. • To resolve the tax windfall issues, for instance sale of stock or business, consult the tax expert to get a better understanding of your overall tax obligation and how to survive your tax liability for this year. Visit us:- http://advancedamericantax.com/

7. Contact Us • Address:- #25-00, Samsung Hub, 3 Church St, Singapore 049483 • Phone No: +65 9720 1040 • Email Us: Help@AdvancedAmericanTax.com