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Australian expats in the US could face taxes on super accounts

October 25, 2016

International Adviser

Australian expats in the US could face taxes on super accounts

  Australian expats could face US tax on Australian superannuation   25/10/2016 – Australian expats living in the United States could face US tax on Australian superannuation, following changes to the Internal Revenue Service’s (IRS) reporting requirements for such schemes. In June last year, the US tax authorities released a redacted letter classifying superannuation, Australia’s state-backed pension savings arrangement, …

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PFIC

Australian expats in the US could face taxes on superannuation accounts

Australian expats experiencing US tax on Australian superannuation accounts Australian expats living in the US are waking up to the fact they may face US tax on Australian superannuation accounts following changes to the Internal Revenue Service’s (IRS) reporting requirements for such schemes. Here’s how the US tax on Australian superannuation may work. In June last …

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