FATCA Compliance

Are you a US Citizen or greencard holder living outside the USA?

Are you unknowingly putting yourself at risk from IRS and FinCEN Penalties?

Attention US citizens and green card holders living abroad: Your dream life in Australia, New Zealand, or Asia could become a financial nightmare if you’re not careful with your US tax obligations.

In our experience, there are 4 types of expats:

1. Unaware they need to be compliant
2. Know they are not compliant
3. Believe they are compliant but are not
4. Are 100% compliant and have a specialist service like ours handle everything for them.

The penalties are high and wide ranging. Far too many and varied to list here.

Imagine if you could live your expat life with complete peace of mind, knowing that your US tax situation is 100% compliant and optimised for your unique circumstances.

Complex Tax and FinCEN Regulations

As a US expat, you’re facing a complex web of tax and FinCEN regulations that many CPAs back home need help understanding. Did you know something as simple as a local retirement account like a KiwiSaver could lead to a huge penalty if not reported correctly?

The IRS doesn’t take kindly to mistakes, and your Kiwisaver or overseas bank accounts could be a ticking time bomb.

We had a case recently where A NZ bank shut down the NZ bank account of a US citizen because he had not provided his SSN.

I think I am OK?

You might be thinking:

• “I’ve been filing my taxes every year, so I must be compliant.” (Not necessarily – there are numerous additional forms required for expats that many tax preparers miss.)
• “I don’t earn enough to owe US taxes, so I don’t need to file.” (Wrong – If you earn more than the standard deduction you need to file)
• “I’ll deal with it when I move back to the US.” (By then, it could be too late, and you might face severe penalties.)

John’s dream turned into a nightmare

Like many of our clients, John moved to Sydney for what he thought would be a two-year assignment. Five years later, he was still there enjoying the Sydney lifestyle – until he received a notice from the IRS.

John had been diligently filing his US taxes each year, but his US based tax preparer had missed crucial forms related to his Australian superannuation account. The result? A $110,000 penalty that threatened to wipe out his savings and force him to return to
the US.

That’s when John found us. Our team of expat tax specialists not only resolved his IRS issues but also uncovered tax-saving opportunities he never knew existed. Today, John enjoys his Australian lifestyle without the constant fear of tax-related surprises.

What we do