News
Being defined as a US citizen has significant benefits and obligations.
Contact the team at US Global Tax to find out more. Daria in NZ daria@udglobaltax.com or Shalen in AU shalen@usglobaltax.com 8 USC 1401: Nationals and citizens of United States at birth Text contains those laws in effect on July 22, 2024 §1401. Nationals and citizens...
Understanding IRS Taxation Rules for Your Primary Residence
Owning a home is a significant milestone for many individuals and families and often forms a significant component of wealth and retirement strategies. Understanding the IRS taxation rules for your primary residence is crucial for homeowners looking to buy or sell...
Australian based US citizens and green-card holders – Urgent message regarding your Australian Superannuation
It is critical for US citizens and green card holders to Consult a US Specialist Tax Adviser before withdrawing or restructuring their Australian Superannuation scheme. Living abroad as a US citizen comes with its own set of financial considerations,...
Do US expats and green card holders need to be IRS compliant?
Living abroad as a U.S. expat or greencard holder comes with certain responsibilities, including the need to be compliant with the Internal Revenue Service (IRS). Here are some reasons why it is essential for U.S. expats to fulfill their tax obligations: Legal...
US Sales Tax – Are you selling products into the US?
Sales tax in the United States is a consumption tax imposed by state and local governments on the sale of goods and services. The tax is typically collected by the seller at the time of purchase and passed on to the government....
Sharesies – US Tax Trap?
As a US tax practitioner in New Zealand, I’m frequently asked the question “Is Sharesies a wise investment for US citizens?”. Well…it can be, but frequently isn’t. For those who aren’t familiar with Sharesies, here’s a brief explainer of the tax implications for US...
US Capital Gains Tax & New Zealand Bright Line
For many US citizens living in New Zealand, US capital gains tax on the sale of NZ assets is a common concern. Part of the reasoning behind this is the misunderstanding that New Zealand has no capital gains tax, which is actually not the case. New Zealand's Bright...
Article – US Taxation of NFTs
Whilst it was only a short while ago that many of us learned what an NFT is, they are now a clearly defined part of the investing and collectors landscape. For those unfamiliar with the term, an NFT is a Non-Fungible Token. Not that this means a great deal of course,...
The 18th of April Deadline
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 individual US tax return deadline of the year. However, an automatic extension is granted for US...
15th March 2023 – Trust Filing Deadline
Haven’t January and February passed quickly! We’re now almost in March, and ready to begin discussing the first major deadline of the year, the 15th March deadline for filing Form 3520-A, 1120, and 1065. During 2018, the IRS began to apply penalties due to late filing...