News
Exciting News – Our US Global Tax Family Is Growing!
We’re thrilled to share that two new tax preparers, Rain and Steffi, have joined our Auckland team! As our client base continues to grow, so does our commitment to delivering exceptional service. Rain and Steffi bring valuable experience and fresh energy to the team,...
IRS Relief Procedures for Certain Former Citizens: A Path to Tax Compliance Without Paying U.S. Tax
By Lance Morris, MD US Global Tax For many individuals who unknowingly held U.S. citizenship or were dual nationals unaware of their U.S. tax filing obligations, the discovery can be deeply unsettling. The fear of owing years of back taxes, being hit with penalties,...
Navigating double taxation treaties can be challenging for US citizens living abroad.
Navigating double taxation treaties can be challenging for US citizens living abroad. Understanding these treaties allows you to avoid paying taxes on the same income in more than one country. Here’s a straightforward guide to help you understand the ins and outs of...
Mastering U.S. Tax Compliance for Foreign Investments: Key Rules and 2025 Updates
Complying with U.S. tax laws for investments in foreign companies and trusts requires a clear understanding of current regulations and reporting requirements. The landscape has become more complex due to recent changes under the Tax Cuts and Jobs Act (TCJA) and...
Understanding FATCA: Key Requirements for U.S. Taxpayers with Foreign Assets
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, plays a vital role in the U.S. government's effort to combat tax evasion by U.S. persons with foreign financial assets. Understanding...
Understanding the Foreign Tax Credit for US Expats
As a U.S. expat, navigating tax obligations can be overwhelming. The Foreign Tax Credit (FTC) is a key provision that can help reduce your tax burden. Let’s examine what the FTC is, who qualifies, how it is calculated, and its significance moving forward. What is the...
Reporting Foreign Trusts and Gifts for US Expats.
Key Updates and Requirements US expats face specific requirements for reporting foreign gifts and trusts. Understanding these regulations is vital to avoid penalties and comply with IRS rules. Reporting Requirements You must report foreign gifts exceeding **$100,000**...
Filing Requirements for US Citizens with Investments in New Zealand or Australia
Understanding the filing requirements for US citizens investing in New Zealand or Australia is crucial. Tax obligations can vary based on the type of investment and the associated forms. Here’s what you need to know. **FBAR (FinCEN Form 114)** The Foreign Bank Account...
Key U.S. Filing Requirements for Investors in New Zealand Companies
If you are a U.S. investor looking to invest in New Zealand companies, it’s essential to understand the regulatory requirements regarding filing forms. One significant requirement is the FBAR filing. If you have foreign accounts exceeding $10,000, you must file the...
US Dual Citizens: Tax Rules, FEIE, & Avoiding Double Taxation
US citizens with dual citizenship face unique tax obligations. You must report your worldwide income to the IRS annually, regardless of where you live. This requirement applies even if you pay taxes in your country of residence. To help avoid double taxation, you can...