New Zealand and United States Tax Consultants
Chartered Accountants
Important Notice
The safety of our team and our community is of the utmost importance to us.
We have implemented work-from-home procedures and our office will be closed to foot traffic.
We remain committed to providing exceptional service to our clients.
Our team will be available from 8:00 till 16:30, Monday to Friday via phone and email.
Responsive. Engaging. Resolving.
Don’t gamble when it comes to your taxes – call us today.
Whatever your tax issue, we will resolve it.
We have relocated back to the Citigroup Centre at 23 Customs St East, Auckland.
Our offices are open: Mon – Fri 0800 – 1800
Work with us and enjoy the NZ US tax difference: experience, expertise, excellence.
There is no better time to work with us. Contact us today: +64 9 5255931.
ARTICLES
Light at the End of the Tunnel
IRS Announces Tax Relief for US Persons with Certain Foreign Retirement and Non-Retirement Accounts.
read moreThe Foreign Account Tax Compliance Act – FATCA explained
In 2010 I received a call from a very upset US citizen about the enactment of the Foreign Account Tax Compliance Act.
She sent me the article she had just read, which set out the future of information reporting by institutions outside the United States to the US government.
read moreV-Day jitters shake the Shakey Isles
With enough rumblings to cause a volcanic eruption, the capital gains tax debate is currently raging in New Zealand. The
bonfire was ignited after the Tax Working Group’s Final Report was released last week, in it recommending capital gains tax be introduced from
1 April 2021 (Valuation Day, or ‘V-Day’).
If your tax situation is complex and involves multi-jurisdiction tax law, foreign tax and currency regulations, and potential gray areas, then you need a specialised tax service. One that offers you access to strategic tax advice. Our experts can make judgment calls based on extensive experience.
Auckland-based NZ US Tax Specialists Ltd is a boutique Tax Advisory and Accountancy firm, providing international tax services to
- United States citizens living in New Zealand who have personal or corporate tax obligations in the US,
- New Zealand citizens based in the United States who have personal or corporate tax obligations in New Zealand,
- Organizations that have multi-jurisdiction tax requirements and obligations, and
- High net worth individuals (HNWI) who require tax expertise.
Q & A with our Experts
Q
We purchased our home in New Zealand and have just sold it and repaid our mortgage. With respect to the repayment of the mortgage are there any US tax implications we need to be concerned about?
A
No. Whilst certain foreign currency-denominated debt instruments are subject to Internal Revenue Code provisions requiring foreign currency gain and/or losses to be recognized as ordinary income, the disposition of a foreign financial instrument by an individual, provided the instrument was acquired for personal use, will not give rise to recognizable foreign currency gain or loss on disposition.
LATEST NEWS
Internal Revenue Service Economic Relief for US Persons
US persons, including US citizens and resident aliens, now qualify for economic relief under the Families First Coronavirus Response Act of 2020 which was signed into law on March 18, 2020 . Every American adult with adjusted gross income (AGI) on their 2018 or 2019...
read moreInternal Revenue Service Extends Filing Deadline to 15 July 2020 – Payment and Filing Due Dates Now Aligned
The agency has now extended the filing, as well as the payment due dates, for 2019 individual, trust, estate and other domestic returns to July 15, 2020. This advice was issued in Notice 2020-18, superseding Notice 2020-17. Notice 2020-18 refers to Affected Taxpayers...
read moreIRS Announces April 15 Tax Payments Deadline 90-day Extension Due to Coronavirus
Today the US government announced tax relief due to COVID-19 including: a 90-day extension on year-end tax payments for 2019, otherwise due on April 15 2020. The automatic waiver of interest and penalties upon receipt of these otherwise late payments. Individuals with...
read moreWhat our Clients Say
Kiwis with US-sourced income and Yankees resident or working in New Zealand have a lot in common: dual taxation. The two countries’ taxation systems are quite dissimilar and that which is taxable in one jurisdiction may or not be in the other – to say nothing of foreign bank reporting requirements. Anyone who has faced these issues knows that working with and through them successfully is not for the faint-hearted. Happily, this is the space in which NZ-US Tax Specialists thrives. Their personal service is unmatched in my New Zealand experience, and their knowledge, far-sightedness, and thoroughly professional approach to clients’ needs give me cause to recommend them unreservedly.
Dr WE Dunn, Takapuna. 1 May 2019
Our premium service is tailored to individuals, families, trusts and organizations that expect and appreciate highly personalised, discreet and professional tax services. These services are delivered by specialists who are technically competent in New Zealand and US tax law and financial regulations.
We offer three major categories of tax accounting and advisory services. All delivered by fully qualified, experienced in-house professionals:
- New Zealand tax return preparation and filing
- US tax return preparation and filing
- International taxation advice
Clients who use both our NZ and US tax services benefit from our holistic approach to tax law compliance. However, we can tailor our service offering to meet your needs, attending to all your requirements personally since we never outsource.
Our strategies will reduce or limit the impact of taxes on your income, assets and investments while remaining fully compliant with tax law and financial regulations.
