News

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.

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.

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.

by David Tzimenakis · June 7th, 2021

Video – Form 709 – How Gifts are Taxed

For most, it may seem logical that upon receiving a gift, you may end up with a tax liability, this is not the case with regards to US taxation.

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.

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.

by David Tzimenakis · April 25th, 2021

Video – The Substantial Presence Test & Tie Breaker

Despite global travel restrictions, here at US Global Tax, we still work with a large number of clients who travel back and forth to the US frequently.

by David Tzimenakis · April 11th, 2021

Video – FIRPTA Withholding for Non-Residents

Buying and selling property in the USA is a popular investment method for many, including non-US citizens.

by David Tzimenakis · March 28th, 2021

Video – The Different US Tax Implications for US Citizens & Green Card Holders

Our clients frequently ask us the question "I currently hold a US Green Card, and considering citizenship, what will be the tax difference?".

by David Tzimenakis · March 14th, 2021

Trust Extension Deadline Today

Its been a busy week for us at US Global Tax. Here we are at the first deadline for the year, the 15th March foreign trust filing deadline (most corporate tax filings also are due today).

by David Tzimenakis · March 7th, 2021

Guest Article – Why US Brokerage Accounts of American Expats are Being Closed

by David Tzimenakis · February 22nd, 2021

Trust Deadline Approaching

Hasn’t 2021 gone by quickly so far! We’re already in the latter half of February, and starting to lead up to the first major US tax deadline of the year, 15th March 2021.

by David Tzimenakis · February 15th, 2021

Introducing Daria Vovk To Our Team

We're delighted to welcome Daria Vovk to the growing team at US Global Tax. As our client base has grown, so has the need for additional support to assist our clients through the annual tax return preparation process.

by David Tzimenakis · December 7th, 2020

Article – US Tax – Foreign Tax Credits & The Foreign Earned Income Exclusion

For every US tax return that we prepare for our clients, one major consideration needs to be made at the very beginning. This involves using either the Foreign Earned Income Exclusion (FEIE) or Foreign Tax Credits (FTC) on our client’s US tax returns.

by David Tzimenakis · November 23rd, 2020

Article – FATCA – Part 2 – Implications for US Citizens in New Zealand & Australia

In one way, the implications of FATCA for US persons in New Zealand could be summarised quite easily, file tax returns to the IRS every year. This is however severely oversimplifying the matter.