by Lance Morris | Nov 23, 2020 | Uncategorized
In one way, the implications of FATCA for US persons in Australia could be summarised quite easily, file tax returns to the IRS every year. This is however severely oversimplifying the matter. As of the beginning of the 2013 tax year, the US tax code was 73,954 pages...
by Lance Morris | Nov 9, 2020 | Uncategorized
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...
by Lance Morris | Oct 27, 2020 | Uncategorized
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. Unfortunately, the...
by Lance Morris | Oct 12, 2020 | Uncategorized
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,...
by Lance Morris | Sep 28, 2020 | Uncategorized
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...
