News

2018 Tax Updates – What you need to know Well, didn’t January come quickly. Another year passed, and for those who filed early during 2018, we’ve already got our next tax filing on the horizon. As we bring in the new year, we’re taking a look at the changes which will...

This is a very common question. Please see our video below, or visit our Who Needs to File page. https://youtu.be/0WrsnlQg4Kc

Today, we were delighted to welcome Mishkin Santa of The Wolf Group on a visit to our New Zealand office. The Wolf Group are a Virginia based International Tax firm, specialising in global financial services. You may read more about The Wolf Group at...

Capital gains on my foreign property? One of the most frequent questions we are asked, is “will I pay capital gains tax in the US, if I sell my New Zealand/Australian based property?”. Unfortunately, the answer to this one is…maybe. Capital gain in a simplified format...

Meghan Markle – What’s the issue? This week has seen a flurry of headlines regarding the newest British monarch, Meghan Markle, and her exposure to the US tax system. We’ve seen dramatic headlines such as: Meghan Markle in tax ‘nightmare’ causing crisis for Queen and...

This issue comes up very frequently, what makes a foreign trust a “Grantor Trust” for US tax purposes. Fortunately, while there is a wealth of information available on the subject (so much that it can actually confuse the matter), there are some simple definitions. A...

What is the Savings Clause? Another question that we are frequently asked, is “what is the savings clause?”. While most people are aware that the US has a double taxation treaty (DTA) in place between both Australia and New Zealand, few people are aware that there is...

This tax year has seen some tumultuous changes to US tax law, and how it applies to foreign based US citizens. The most alarming of these changes, and the one that we are most frequently asked about, is known as Section 965. These changes have mainly come about as...

Kiwisaver and Australian Superannuation One of the most frequent questions we are asked, is “How is my Kiwisaver/Superannuation account taxed and reported”. While there are a number of factors which affect the answer to the above question, we can give a brief...

As we approach the end of the month, one more important date is looming for many US citizens who are deemed “wilful in their failure to file tax returns”, the end of OVDP (Offshore Voluntary Disclosure Program). The OVDP program closes completely on 28th September...