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...

Lapsed Appropriations Contingency Plan – IRS status update

The well-publicized IRS partial shutdown is now into its fourth week. The successor to the 2018 non-filing season Lapsed Appropriations Contingency Plan, the 2018 filing season Lapsed Appropriations Contingency Plan (‘plan’) was released by the IRS a few...

10 Errors NZ Tax Residents Make | International Tax

According to the Chief Advisor – International Audit – IRD, the top ten errors associated with international tax compliance with respect to the taxation of NZ tax residents are as follows:   Error 1: NZ tax residents are taxable on income from NZ...
Subscribe to our newsletter

Subscribe to our newsletter

Receive the latest US and NZ tax news, insights and updates every month.

Your subscription is now active. Look out for our next newsletter.