US Tax

Whenever your client is a US citizen or Green Card holder, you will probably need to consider the rules around US tax for individuals.

To help you look after your US clients, we asked Seth Hertz – Tax Director of Expat US Tax – for a general overview of US tax for individuals. 

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Aliens do exist. There are around 7 billion aliens living all over the world. In fact you are probably one of them. And not just any alien, but a nonresident alien, maybe even a nonresident alien spouse. “But I am Australian and live in Australia,” you might object. “I have never been out of space, let alone overseas. How can I be an alien?”

This is how. You are not a US citizen. That makes you an alien per US tax legislation. You live in Australia and don’t have a Green Card. That makes you a nonresident alien. And maybe you got a spouse who is a US citizen or resident alien. That makes you a nonresident alien spouse. Will, you one day get a US tax assessment? Covering your worldwide income since the day you met? When do you fall into the claws of the US tax system? And when are you safe?

Jane Bruno of Bruno American Tax Services will give you the answer.

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Are you or your client a US American living in Australia? There are over 100,000 US Americans living down under. Not a huge number compared to other nationalities migrating to Australia, but still a big group and rapidly increasing.

As a US citizen or resident alien, the US will tax your worldwide income even while you live in Australia. So you got the Australian tax system to deal with plus the US. Both countries will want to tax your income. How does that work? How do you avoid paying tax twice? What is a Foreign Earned Income Exclusion? How to qualify for a foreign tax credit? And what is a nonresident alien? 

Jane Bruno Bruno American Tax Services will give you the details.

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