News

Amongst the many changes that COVID-19 has brought to our ordinary lives, one which frequently has tax implications is the rise of remote working. During the previous 18 months, we at US Global Tax have seen a phenomenal rise in instances of remote employees working...

For most foreign based US citizens who own a foreign company, it is usually expected that at least some reporting will be needed to the IRS. This is usually done on Form 5471, however there are also lesser known forms of reporting. Learn more in our video below:...

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...

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...

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...

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 below: https://youtu.be/H_blT0KAxRY

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.

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 below:...

For many US citizens living in New Zealand, understanding how their US pension will be taxed is understandably a matter of concern. The most important part of this question is usually who will tax the pension, rather than how.  For private pensions,...

Whilst the US has double taxation agreements with a large number of countries, one lesser known clause included in each treaty is the "Savings Clause'". The Savings Clause affects how almost every article in the treaty should be read, learn more in our video below:...