News
FATCA Compliance: Understanding U.S. Tax Reporting for Foreign Financial 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 Foreign Earned Income Exclusion (FEIE)
The Foreign Tax Credit (FTC) is an essential resource for U.S. expatriates, allowing them to reduce their U.S. tax liabilities by claiming foreign taxes paid. As we move into 2025, there are key updates and insights regarding the FTC that expats should be aware of....
Navigating US Tax Returns with Foreign Income
Navigating US Tax Returns with Foreign Income Understanding the tax implications of owning a business in Australia as a US citizen is crucial for compliance. US citizens must adhere to both US and Australian tax laws. Australia imposes a corporate tax rate of 30% for...
Maximizing Tax Treaties: A US Expat’s Guide to Avoiding Double Taxation
Navigating double taxation treaties for US citizens living overseas involves understanding the nuances of international tax laws. Here's a concise guide to help US expats minimize or avoid double taxation. Understanding Double Taxation Double taxation arises when you...
The Implications of Self-Employment for U.S. Citizens Living Overseas: A Focus on New Zealand and Australia
For U.S. citizens living abroad, self-employment presents unique tax and financial challenges. While living in countries such as New Zealand (NZ) and Australia (AU) offers business opportunities and lifestyle benefits, it also comes with a complex web of U.S. and...
Navigating U.S. Tax Compliance as an Expat in Australia and New Zealand: A Path to Peace of Mind
For many U.S. citizens and Green Card holders living in Australia and New Zealand, understanding and meeting U.S. tax obligations can feel overwhelming. Many are surprised to learn that the United States operates on a citizenship-based taxation system, meaning that...
IRS Deadline: 15th of March 2025
https://youtu.be/g1yK2D8Pbp8
Congratulations to Our Team: Continued Commitment to Excellence At US Global Tax, we pride ourselves on maintaining the highest standards of professionalism and expertise to serve our clients effectively. We’re excited to share some fantastic news about our team’s...
Lance Morris, Managing Director of US Global Tax, wishes everyone happy holidays!
https://youtu.be/A_PCnsnMeCw
🎉 Celebrating 10 Years of Excellence at US Global Tax! 🎉
This year marks a significant milestone for us at US Global Tax—we’re celebrating 10 years of dedicated service to our valued clients! 🎉 Over the past decade, we’ve been committed to providing exceptional tax solutions and expert financial guidance to individuals,...