News

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.

U.S. Income Tax Return forms 1040,1065,1120

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.

by David Tzimenakis · November 9th, 2020

Article – The History of FATCA in New Zealand & Australia and its US Tax Implications

After years of planning and preparation, the Foreign Account Tax Compliance Act (FATCA) was introduced and became law of the United States on 18th March 2010 1. Through a raft of changes and additions to the tax code, FATCA was created.

by David Tzimenakis · October 27th, 2020

Video – The Effect of Rev. Proc. 2020-17 on US Taxes for Kiwisaver

To much initial fanfare, a new Revenue Procedure was announced by the IRS earlier this year, which many hoped would finally end the onerous reporting requirements for Kiwisaver, Australian Super and most other forms on non-US retirement schemes.

by David Tzimenakis · October 12th, 2020

US Tax Deadline Week

Well hasn't time caught up on us this year, we're now in the final week before the US tax deadline of 15th October, and time to get everything filed.

Video – US Tax Implications of Selling an Investment Property

In our prior videos, we've covered the sale of a primary residence for US citizens and/or expatriates. But, we're frequently asked "How will I be taxed on the sale of an investment property or holiday home?

by David Tzimenakis · September 14th, 2020

Reminder – The 15th September Trust Deadline

After what has been the most tumultuous year that many of us will ever recall, it is a good time to remind ourselves that the US tax system and its multiple deadlines have now gotten closer, with specifically the 15th September trust filing deadline tomorrow.

by David Tzimenakis · August 31st, 2020

Video – Who Needs to File Form 5471

Many of our Australia & New Zealand based clients own shareholdings in local businesses. These range from small hobby businesses, up to large multinational companies.

American and British Flag - Royal Family

by David Tzimenakis · August 18th, 2020

Article – Royal Family US Tax Dilemma

Creating a buzz in the headlines today, is the prospect of Prince Harry and Meghan Markle of the British Royal family, becoming tax residents of the US and specifically California.