2012 US income tax returns

We are continuing to file electronic extensions of time for filing 2012 tax returns for taxpayers residing outside the United States. Whilst the automatic two month extension of time requires no action on the part of the taxpayer, we prefer to electronically file extensions due to the benefit of the email confirmation that we receive from the IRS and the state taxing authorities of receipt. We also e-file most United States returns now, although the Report of Foreign Bank and Financial Accounts cannot be electronically filed with the tax return, and must be filed online at http:/basefiling.fincen.treas.gov/main.html or mailed to the Department of the Treasury in Detroit - 7 May 2013.

FATCA

Draft Form 8957 (Foreign Account Tax Compliance) FATCA Registration has been released for public review and comment. The four page document requires information relating to whether the FFI has a withholding agreement already in place with the IRS, whether the FFI is tax resident of the United States, and whether branches are maintained in the United States or a jurisdiction outside its country of tax residence. Form 8957 will be required to be signed by the designated Responsible Officer for the Financial Institution, and certifies that both the Financial Institution and its branches will comply with FATCA obligations - 7 May 2013.

WELLINGTON APPOINTMENTS
Available upcoming dates for Wellington: 18 May, 25 May, 1 June, 8 June . Please email gina@nzustax.com for an appointment - 1 May 2013.