by Lance Morris | Mar 31, 2025 | Filing Requirements
Understanding the filing requirements for US citizens investing in New Zealand or Australia is crucial. Tax obligations can vary based on the type of investment and the associated forms. Here’s what you need to know. **FBAR (FinCEN Form 114)** The Foreign Bank Account...
by Lance Morris | Mar 25, 2025 | US NZ tax Requirements
If you are a U.S. investor looking to invest in New Zealand companies, it’s essential to understand the regulatory requirements regarding filing forms. One significant requirement is the FBAR filing. If you have foreign accounts exceeding $10,000, you must file the...
by Lance Morris | Mar 25, 2025 | Expat Taxation
US citizens with dual citizenship face unique tax obligations. You must report your worldwide income to the IRS annually, regardless of where you live. This requirement applies even if you pay taxes in your country of residence. To help avoid double taxation, you can...
by Lance Morris | Mar 24, 2025 | FATCA
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, plays a vital role in the U.S. government’s effort to combat tax evasion by U.S. persons with foreign financial assets....
by Lance Morris | Mar 23, 2025 | Foreign Income
The Foreign Tax Credit (FTC) is an essential resource for U.S. expatriates, allowing them to reduce their U.S. tax liabilities by claiming foreign taxes paid. As we move into 2025, there are key updates and insights regarding the FTC that expats should be aware of....
