News
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. This date is the initial deadline for reporting of Forms 3520-A, 1120, and other less commonly...
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.
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. We’ll start off...
Article – FATCA – Part 2 – Implications for US Citizens in New Zealand & Australia
Information regarding the Implications for US Citizens in New Zealand & Australia
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. The introduction of FATCA...
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 Australian Super,...
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. For those who filed extensions prior to 15th July, we're now at the extended due date deadline, which falls on 15th...
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?". Whilst the IRS rules differ slightly for properties which...
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....
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. But, the tax reporting required for businesses such as these can often be surprisingly similar....