Sharesies – US Tax Trap?

Sharesies – US Tax Trap?

As a US tax practitioner in New Zealand, I’m frequently asked the question “Is Sharesies a wise investment for US citizens?”. Well…it can be, but frequently isn’t. For those who aren’t familiar with Sharesies, here’s a brief explainer of the tax implications for US...

US Capital Gains Tax & New Zealand Bright Line

US Capital Gains Tax & New Zealand Bright Line

For many US citizens living in New Zealand, US capital gains tax on the sale of NZ assets is a common concern. Part of the reasoning behind this is the misunderstanding that New Zealand has no capital gains tax, which is actually not the case. New Zealand's Bright...

Article – US Taxation of NFTs

Article – US Taxation of NFTs

Whilst it was only a short while ago that many of us learned what an NFT is, they are now a clearly defined part of the investing and collectors landscape. For those unfamiliar with the term, an NFT is a Non-Fungible Token. Not that this means a great deal of course,...

The 18th of April Deadline

The 18th of April Deadline

We have been receiving a rush of calls from clients worried about the 18th of April deadline. What is the 18th of April deadline? The 18th of April deadline is the first individual US tax return deadline of the year. However, an automatic extension is granted for US...

15th March 2023 – Trust Filing Deadline

15th March 2023 – Trust Filing Deadline

Haven’t January and February passed quickly! We’re now almost in March, and ready to begin discussing the first major deadline of the year, the 15th March deadline for filing Form 3520-A, 1120, and 1065. During 2018, the IRS began to apply penalties due to late filing...

2023 – Filing Deadlines and Tax Summary

2023 – Filing Deadlines and Tax Summary

Just as quickly as the new year begins, so does the beginning of the 2023 US tax filing season. Fortunately, for the first time in a number of years, we are not dealing with a large amount of new tax law changes. Some minor changes will occur for holders of...

2023 Price Freeze

2023 Price Freeze

US Global Tax are pleased to advise that we will not be increasing our fees during 2023.  In fact, our fees have not increased since 2020, and we are doing our best to keep our costs as low as possible for our clients. We appreciate that the cost of living has...

Video – US Citizen Children with KiwiSaver

Video – US Citizen Children with KiwiSaver

As has been recently covered in NZ news outlets, the issues facing US citizen children with KiwiSaver can be significant, but resolvable. US Global Tax currently has a petition sitting with Parliament to change KiwiSaver rules, to permit under-18 US citizen children...