Tag: 402(b)

  • Tax Treaty and Overseas Retirement

    The purpose of a Tax Treaty is to define which of two countries has the rights of taxation. Upon retirement when there is a Tax Treaty with the USA then it is possible for the 3rd Country national to receive withdrawal from his IRC 401a or IRA without tax or a reduced tax from the…

  • Hong Kong ORSO Schemes for Overseas Retirement

    [box]ORS402(b) compliant registered ORSO scheme is an exempt, non-reporting Financial Institutions for CRS reporting purposes under Part 2 of Schedule 17C to the Inland Revenue Ordinance (IRO). When the Hong Kong ORSO schemes is not exempt from CRS/FATCA reporting it is not recognized internationally for deferral of income.[/box] Knowing the differences in Hong Kong ORSO…

  • Corporatize your Offshore Capital Structure

    [box]AML & KYC are the first issues for consideration, when planning an Offshore Capital Structure.[/box] The best course of action to ring-fence liability, is this ORS/402(b) program. FATCA and the Automatic Exchange of Financial Information reporting rules are enforced now. The PRC has the same rules about foreign financial account reporting as does the USA.…

  • Charitable Remainder Trust Problems

    Charitable Remainder Trust Overview: 1) Trust status cannot extend to beneficiaries and participants The point for all to grasp is that whatever the legal, juridical and tax status of funding structures, that status cannot extend to beneficiaries and participants as individuals. That is why a trust is quite useless to beneficiaries and participants. Besides it…

  • If You Can’t Export It, You Don’t Own It.

    Export your 401k/ IRA – Trade Risk for Security Offshore Presently, the US has created a level of debt that exceeds anything the world has ever seen. Extreme debt in 1929 resulted in a market crash. The present level of debt is far higher than in 1929. The wise investor will, of course, diversify, assuring…