We are experts in United States and New Zealand taxation. We can help you or your organization, particularly if you have multi-jurisdiction requirements. Work with us and experience the difference we bring through the power of specialization: quality outputs, responsive and tailored client service, delivered through the latest secure technology.
I would like to thank Gina and Dave and the rest of the NZ US Tax Specialists team for their help with what initially seemed to me to be a hugely complicated process. They were extremely knowledgeable, friendly, understanding, efficient and always calm. I found this to be very reassuring at times that could otherwise have been very stressful. They were always very clear when describing what was needed and diligently made sure that all of the fine details were correct. I highly recommend NZ US Tax Specialists Ltd.
4 December 2017
I have been using NZUS Tax Specialists since 2012, when it became obvious with the changes to the US Tax Laws and the introduction of FATCA, that it would be too difficult to continue to prepare my own taxes, as I had done in previous years.
A friend recommended Gina and her firm, NZUS Tax Specialists. At the time, there were very few firms in NZ that understood US taxes for NZ residents and of those firms, few were comfortable to take on the task. After a thorough meeting with NZUS Tax, I understood what needed to be done, and I decided to become a client. NZUS Tax first had to amend my previous five years tax returns in order to file that current year's return. An arduous task for any individual.
I have continued with NZUS Tax Specialists since then and have had excellent service. Their point man, Dave Tzimenakis, is always available to answer questions and his personal approach to the client is much appreciated in a field that is usually just facts and figures.
I would recommend NZUS Tax Specialists to any NZ based US citizen requiring this service.
19 September 2017
Q: I am a non-resident alien as defined in the United States' Internal Revenue Code and regulations. Can the United States tax social security payments derived from the United States even though I am not a tax resident there?
A: Unless exempted by tax treaty, the United States Internal Revenue Code requires 85% of any social security benefit to be included in gross income and taxed at 30%.
The tax treaty in force between New Zealand and the United States has no exemption from this requirement. This is the same for tax residents of Australia. Accordingly, an individual who is tax resident of New Zealand or Australia, and a non-resident alien of the United States must include 85% of social security payments on Form 1040NR as fixed or determinable annual or periodic income (FDAP income) and pay a 30% federal income tax on 85% of the gross amount of social security received.