Competent Authority Assistance

The new revenue procedure issued by the Internal Revenue Service on requests for competent authority assistance is good news for taxpayers. It should assist taxpayers by providing more detailed information on when it is appropriate to apply for assistance, and how....
US citizens moving to NZ can claim expenses

US citizens moving to NZ can claim expenses

US citizens moving to NZ should check whether they can claim moving expenses in their Federal income tax returns. This generous deduction can lead to some nice US tax refunds for taxpayers and is often overlooked. Refunds may come about particularly in the case where...

Foreign Tax Credit Availability for US citizens

In the wake of the changes to the way that foreign pensions (including 401-k’s and IRAs) are taxed in New Zealand the Inland Revenue Department (IRD) has recently refined its position with respect to foreign tax credit availability. The way that pension income...