News
Article – US Retirement Funds for Expats
Nowadays, it is well known by most US citizens living overseas that there is an annual requirement to file tax returns to the IRS, if they have any worldwide income. But much lesser known are the implications or requirements for having a US based retirement scheme....
Video – Missing Economic Impact Payments
We've recently received a large number of client enquiries, regarding Economic Impact (stimulus) payments, which were never received. Please see below our helpful video, on the options for claiming a missing payment, and beginning an IRS payment trace. Form 3911...
More than 2.7 Million 2021 US Tax Returns Yet To Be Processed
As we mark the first US individual tax return filing deadline of the 2021 tax year (18th April), for many US taxpayers, the 2020 tax year has not yet been resolved. Backlogs at the IRS have reached unprecedented levels, discussed in my article on the subject last...
18th April Tax Deadline Approaching
By Shalen Singh, Manager of Client Services of our Sydney Office. https://youtu.be/QbpNd7xTNAE We have been receiving a rush of calls from clients worried about the 18th of April deadline. What is the 18th of April deadline? The 18th of April deadline is the first...
Video – Claiming Dependents
Amongst the many different credits, exclusions and deductions offered by the IRS, one of the most effective in reducing a tax liability, is the ability to claim dependents on your tax return. For US tax purposes, a dependent can be a child you care for, or other...
Article – Remote Working
Amongst the many changes that COVID-19 has brought to our ordinary lives, one which frequently has tax implications is the rise of remote working. During the previous 18 months, we at US Global Tax have seen a phenomenal rise in instances of remote employees working...
Video – Section 6038
For most foreign based US citizens who own a foreign company, it is usually expected that at least some reporting will be needed to the IRS. This is usually done on Form 5471, however there are also lesser known forms of reporting. Learn more in our video below:...
15th March 2022 – The First Major Tax Deadline of the Year
Whilst many of us have been enjoying the summer, some regained freedoms, and a number of public holidays, the US tax year has been quietly rolling along in the background. Well here we find ourselves at the 15th February…, hasn’t time gone by quickly! One month from...
2021 – Summary Of The Tax Year Ahead
Firstly, happy new year to all of our clients, stakeholders, and any other readers/followers of our posts. Just as quickly as the new year begins, so does the beginning of the 2021 US tax filing season. Fortunately, for the first time in a number of years, we are not...
Article – 529 College Plan Withdrawals Overseas
Amongst our clients who have recently migrated from the USA, investments in 529 College Plans are a common occurrence, of course, investing in a child’s future education is always going to be popular. However, is a 529 Plan still useful for a child living...