by Lance Morris | Feb 14, 2022 | Uncategorized
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...
by Lance Morris | Jan 18, 2022 | Uncategorized
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...
by Lance Morris | Dec 12, 2021 | Uncategorized
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...
by Daria Vovk | Nov 28, 2021 | Uncategorized
Whilst a number of changes have been proposed to the tax code under President Biden’s American Families Plan, one of the lesser known proposals are the changes to Section 1031. Learn more in our video...
by Lance Morris | Nov 14, 2021 | Uncategorized
For many of our clients who hold rental properties, the term “depreciation recapture” can come across a bit mystifying, upon the sale of their property. Whilst the term can be confusing, the impact it has on a tax return is actually quite basic. As we know, US...
by Daria Vovk | Oct 31, 2021 | Uncategorized
Fortunately, income from lawsuits and settlements are quite rare to see here at US Global Tax. But, whilst it might be assumed that compensation or awards from a lawsuit would be tax free, the reality with the IRS can be quite different. Learn more in our video...
