Page 2 of 2 FirstFirst 12
Results 11 to 15 of 15

Thread: US tax implications for KiwiSaver

  1. #11
    Join Date
    Jun 2018
    Location
    New Zealand
    Posts
    3

    Default

    See comment below.
    Last edited by FloridaKiwi; 3rd June 2018 at 12:47 PM. Reason: Didn't reply with quote.

  2. #12
    Join Date
    Jun 2018
    Location
    New Zealand
    Posts
    3

    Default

    Quote Originally Posted by Oregonkiwi View Post
    I consulted a US/NZ tax specialist to make sure I was compliant, and I've never filed (or even heard of ) that form.
    These are the forms I filed last year:
    FBAR (I declared kiwisaver here)
    1040 and schedule B
    8938
    2555EZ
    request for filing date extension (automatic 2 month extension but you have to ask for it)

    hope that helps, yes it's a pain but now that I've been doing it a few years it's pretty straightforward.

    Hi Oregonkiwi - Hope all is well. I'm having a crack at doing my taxes this year myself (trying to get caught up actually). Just curious are you still just using these forms:

    -FBAR
    -1040 and schedule B
    -8938
    -2555EZ

    Have you received any further guidance or insight on any other documents that need to be used for non-Kiwisaver investments?

    Thanks heaps.

  3. #13
    Join Date
    Aug 2005
    Location
    West Auckland
    Posts
    1,029

    Default

    Quote Originally Posted by FloridaKiwi View Post
    Just curious are you still just using these forms:
    I haven't quite got around to doing this year's returns (income tax & FBAR) yet (that June 15 deadline is starting to motivate me ) but yes I'll use those forms again. I don't have any other/new information.

    Lots of useful IRS FAQs here https://www.irs.gov/individuals/inte...al-tax-matters

    (There's another thread here about self employment tax so make sure you find out about that if it applies to you. I've only ever dealt with salary & wages.)

  4. #14
    Join Date
    Jun 2018
    Location
    New Zealand
    Posts
    3

    Default

    Quote Originally Posted by Oregonkiwi View Post
    I haven't quite got around to doing this year's returns (income tax & FBAR) yet (that June 15 deadline is starting to motivate me ) but yes I'll use those forms again. I don't have any other/new information.
    No worries, thanks for that info. Re the 15 June deadline, I've applied for the 15 October extension to ease some pressure on myself.

    There is still a small chance that I might engage a tax specialist (Greenback Tax) to help me prepare this years' return. I reckon after that, I'll be able to do it myself without any problem. If I do engage the specialist, I'll comment here and provide an update on forms, experience, etc. Hopefully that can help in some way.

    Cheers

  5. #15
    Join Date
    Oct 2007
    Location
    Christchurch
    Posts
    384

    Default

    Our tax preparer (NZ US Tax) most definitely believes our KiwiSaver accounts qualify as foreign trusts and we have thus been filing the 3520.

Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •