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Anonymous
Not applicable

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

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DaveF1006
Employee Tax Expert

Resident Alien with Foreign Investments

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