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News

If you have questions that aren’t answered elsewhere, or are looking for any IRS or US Tax Updates for New Zealand, take a scroll through our news archive.

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by Daria Vovk · November 28th, 2021

Video – Changes to Section 1031

Whilst a number of changes have been proposed to the tax code under President Biden's American Families Plan, one of the lesser known proposals are the changes to Section 1031.

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by Daria Vovk · October 31st, 2021

Video – US Taxation of Lawsuits & Settlements

Fortunately, income from lawsuits and settlements are quite rare to see here at US Global Tax. But, whilst it might be assumed that compensation or awards from a lawsuit would be tax free, the reality with the IRS can be quite different.

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by David Tzimenakis · October 17th, 2021

Article – Government Pensions – Treaty Based Taxation

For many US citizens living in New Zealand, understanding how their US pension will be taxed is understandably a matter of concern. The most important part of this question is usually who will tax the pension, rather than how.

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by Daria Vovk · October 3rd, 2021

Video – The Savings Clause

Whilst the US has double taxation agreements with a large number of countries, one lesser known clause included in each treaty is the "Savings Clause'".

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by David Tzimenakis · September 5th, 2021

Article – IRS Staffing Crunch Hits Refunds

News of the staffing crisis at the IRS is likely not a surprise to many, with processing and refund delays seemingly becoming worse year on year. Many of our New Zealand and Australian based clients are currently waiting up to 6 months for their returns to be processed, and unfortunately this isn’t going to get better any time soon.

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by David Tzimenakis · August 22nd, 2021

Video – Debt Cancellation

One of the few financial benefits which our staff at US Global Tax, have seen an increase in during the pandemic, is debt cancellation. Whilst this has mainly been for businesses in the form of rent relief, it does occur commonly on an individual level also.

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by David Tzimenakis · July 18th, 2021

Video – Advance Child Tax Credit

As part of the many benefits which have been provided by the IRS during the course of the pandemic, the latest is the Advance Child Tax Credit.

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by David Tzimenakis · July 4th, 2021

Article – Biden Tax Plan – Capital Gains

In our previous article, we focused on the potential tax changes to cryptocurrencies, proposed by US President Joe Biden. This week, we move our focus to the possible changes which may be made to capital gains tax.

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by David Tzimenakis · June 20th, 2021

Article – IRS Tax Changes – Biden Tax Plan

Since the Tax Cuts and Jobs Act (TCJA) was introduced and signed into law under the presidency of Donald Trump in 2017, minimal further changes have been made to the tax code.

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US GLOBAL TAX 8938
by David Tzimenakis · May 23rd, 2021

Video – Form 8938

Whilst the Report of Foreign Bank Accounts (FBAR) has become more widely known amongst US expats in recent years, lesser known is Form 8938.

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by David Tzimenakis · May 9th, 2021

Video – Schedule F and Farming Income

Amongst the many thousands of rules and regulations that the IRS requires US citizens to comply with, are a separate set of regulations and forms for those with income from farming.

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Still unsure if you need to file a US tax return?

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