Pre-migration planning for US citizens

By Gina Gatchell, Director Some of the less well-known tax issues Individuals with US citizenship (US individuals) encounter when they move to New Zealand can be mitigated with effective tax planning, ideally prior to migration.   The complexities from being dual...
Light at the End of the Tunnel

Light at the End of the Tunnel

By Gina Gatchell, Director IRS Announces Tax Relief for US persons with Certain Foreign Retirement and Non-Retirement Accounts In refreshing news this week, the IRS has decided to exempt from burdensome information reporting requirements eligible foreign retirement...
The Foreign Account Tax Compliance Act – FATCA explained

The Foreign Account Tax Compliance Act – FATCA explained

By Gina Gatchell, Director 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...

V-Day jitters shake the Shakey Isles

New Zealand has both extinct and dormant volcanoes and is overdue for an eruption. By Gina Gatchell, Director 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...
Trusts classification: what you don’t know can hurt you!

Trusts classification: what you don’t know can hurt you!

Are you getting the classification of your trust correct for US tax purposes? In 2018 the Internal Revenue Service started a campaign targeting foreign trusts’ failure to comply with the filing requirements of US owners[1] of foreign trusts, including ownership, and...

US Tax principles tested in 2018 Tax Court Case

The Tax Court case of Virginia-based taxpayers Toso & Salman tested several US tax principles which affect all US citizens and residents[1].   Those principles include the statute of limitations, the definition of ‘gross income’, and the ability to offset...
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