If you’re a US citizen, now is the hour to ensure that you are reporting your KiwiSaver funds correctly. Firstly, let’s define what a KiwiSaver fund actually is. A KiwiSaver fund is a voluntary retirement fund which may be set up by anyone including employees,...
Whilst, not all IRS notices are bad news, receiving a notice advising of a penalty is not pleasant. We may be able to be of assistance with the removal of a penalty such as a late filing penalty in certain circumstances. We indeed had a successful outcome today with...
Late in 2014, we commented on the IRD’s position on the availability of foreign tax credits for New Zealand tax residents, with respect to United States-sourced pensions. The current situation gives rise to double taxation with respect to pension income arising...