News
Q+A – Options for US Tax Compliance
In this article, we’ll take a new approach to the issues we discuss, and address our 10 most frequently asked questions with regards to US tax compliance, and the question of renouncing US citizenship. All of these questions have been asked by US citizens: Q – Do I...
Video – The Benefits of Using a Local US Accountant
Our clients frequently ask us what sets US Global Tax out from its overseas competitors. Fortunately, this is an easy one to answer...By being based locally, it means we have staff experienced and qualified in not only US taxation, but also the local NZ or Australian...
Virtual Currency
Virtual Currency is becoming a major tax issue nowadays. Are you dealing with Virtual Currencies in your daily lives? Have you invested in Virtual Currencies recently? What is virtual currency? A virtual currency is a digital representation of value that functions as...
Video – Form 8833 – Tax Treaty Disclosure
For many US citizens who live in NZ or Australia, filing Form 8833 is part of their annual tax return. Form 8833 is used to tell the IRS when you intend to take advantage of some of the tax benefits or determinations made in the tax treaty, and can sometimes be hugely...
Australian Self-Managed Superannuation Fund (SMSF)
SMSF is seen as a Foreign Grantor Trust by the IRS. A Foreign Grantor Trust is defined as a US person owning a Trust outside the US. For instance, Susan and Tim are a married couple living in Australia. Susan is a US person and holds an interest in SMSF. The IRS...
Article – US Retirement Funds for Expats
Nowadays, it is well known by most US citizens living overseas that there is an annual requirement to file tax returns to the IRS, if they have any worldwide income. But much lesser known are the implications or requirements for having a US based retirement scheme....
Video – Missing Economic Impact Payments
We've recently received a large number of client enquiries, regarding Economic Impact (stimulus) payments, which were never received. Please see below our helpful video, on the options for claiming a missing payment, and beginning an IRS payment trace. Form 3911...
More than 2.7 Million 2021 US Tax Returns Yet To Be Processed
As we mark the first US individual tax return filing deadline of the 2021 tax year (18th April), for many US taxpayers, the 2020 tax year has not yet been resolved. Backlogs at the IRS have reached unprecedented levels, discussed in my article on the subject last...
18th April Tax Deadline Approaching
By Shalen Singh, Manager of Client Services of our Sydney Office. https://youtu.be/QbpNd7xTNAE 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...
Video – Claiming Dependents
Amongst the many different credits, exclusions and deductions offered by the IRS, one of the most effective in reducing a tax liability, is the ability to claim dependents on your tax return. For US tax purposes, a dependent can be a child you care for, or other...