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Resident Alien with Foreign Investments
I moved to US and got married in 2020, which makes me a resident alien for married filing jointly. I made an early withdrawal from Hong Kong’s Mandatory Provident Fund (MPF) last year and currently in a foreign bank account, does it subject to tax? Also, I have a foreign life insurance, does it subject to tax / trigger any PFIC filing / MTM cost? Appreciate on any advice, many thanks
March 9, 2022
3:17 PM