US Tax Planning Service
US expats and US taxpayers living and working abroad face specific problems regarding their international taxes. One of the biggest issues for many US Taxpayers is the annual tax-return filing and finding a way to reduce these taxes. Luckily, the US tax system allows non-residents and connected persons to exclude income from their annual reporting if earned abroad.
Platinum’s US Taxpayer service facilitates transparent, low-fee solutions for US expats living abroad that aren’t available from other overseas financial institutions. Our team consists of experts from around the world, including the US, specialising in US tax and retirement services.
Who can benefit from the US Tax Planning Service?
US Expats and connected persons residing outside of the United States who wish to continue to plan their savings and retirement strategies without fear of restrictions due to legislation changes.
Features of the Platinum US Taxpayer Service
- The Platinum service is offered exclusively to US Expats and connected persons
- SEC and IRS compliant
- Takes advantage of the streamline regime
- Utilises Double Taxation Agreement (DTA)
- Low-cost filing completed by US CPAs
- PFIC & QEF Compliant
WHAT ARE PFICS AND QEFS?
Non-compliant investments (Passive Foreign Investment Companies) for US Expats are taxed as income (up to 37%). By utilising a Qualified Electing Fund, individuals can be eligible for Capital Gains Tax treatment instead (from 0%-20% subject to long/short-term considerations). Hence there could be significant tax savings available.
How can Platinum Financial Services help?
We can guide you safely through the IRS tax regimes, and advise you on reducing your tax bill by utilizing legitimate tax deductions. The US Taxpayer service gives you US home-grown products that are simple yet comprehensive and are tax efficient while following IRS requirements.
Life Insurance Premium Financing
The Platinum Premium Finance Program (PFP) is a new and unique funding strategy available to US Nationals, as well as non-US persons with a US Nexus. The program allows eligible participants to fund Life Insurance premiums without having to take out a personal loan, provide a personal guarantee or incur out of pocket expenses. The Platinum PFP offers higher sums assured (policy death benefit) than traditionally financed life insurance contracts at a fraction of the cost. Our minimum sum assured starts at US$ 10,000,000.
Life Insurance Premium Financing
The Platinum Premium Finance Program (PFP) is a new and unique funding strategy available to US Nationals, as well as non-US persons with a US Nexus. The program allows eligible participants to fund Life Insurance premiums without having to take out a personal loan, provide a personal guarantee or incur out of pocket expenses. The Platinum PFP offers higher sums assured (policy death benefit) than traditionally financed life insurance contracts at a fraction of the cost. Our minimum sum assured starts at US$ 10,000,000.
Protect Your Savings
In case of a sudden illness or accident, you don’t have to utilise your savings to pay the high price for medical treatment. Surgery and room costs in Hong Kong’s private hospitals can easily reach US$100,000 for major heart disease and cancer. This can be covered by the insurance plan, should you have coverage in place. Your savings should be used for their intended use, such as buying a home, funding your children’s education and retirement.
ANDREW CASE STUDYDon’t leave your financial future to chance.
Contact Platinum Financial Services to help you through your financial journey.
