If you are a U.S. citizen and working in Hong Kong as an expatriate, you might be subject to U.S. taxes including but not limited to: U.S. green card /L-1/E-2 /EB-5 VISA holders, Amazon eBay sellers, and U.S. real estate investors. Handling Income Tax Return matters with IRS can be a burden to you. There were big changes for Tax Credits and Deductions during the year 2018. The Tax Cuts and Jobs Act have made big changes to how the government calculates your income taxes. These changes apply to your 2018 federal tax return. Tax Rates Go Down; Standard Deduction Grows; Personal and Dependent Exemptions Are Eliminated.
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