US Tax Advice and Services in Australia

US citizens or permanent residents ( green card holders) remain liable for taxation on their worldwide income, regardless of where they are resident, and must file a US Income Tax Return (ITR) every year if they have a filing requirement. Generally, returns must be filed by April 15 of the following year, although citizens and green card holders who are resident outside the US, for example in Australia, are entitled to submit their returns up to two months later (June 15). An extension is possible, but taxes must be all paid by April 15 or you may be assessed an interest penalty. Note that US citizens and permanent residents will often need to submit FBAR and FATCA returns on an annual basis and significant penalties can apply for late submission.

Exfin provides access to a registered US tax provider who is also able to prepare associated Australian tax returns, if required. This approach is both more efficient, meaning that the client does not have to prepare supporting material for two advisors, and means that their tax affairs are often more effectively managed because the advisor has access to "both sides of the equation".

The fees applying for the completion of returns, or specific advice, are driven fundamentally by the complexity of the work required and you will be provided with a fixed quote in advance of any work being carried out. However, as a guide, the fees applying to the completion of the most basic US return - comprising a US W-2 and a few interest/dividend payments with a standard deduction - would be approximately $300 plus GST.

For Australian citizens who have US properties and need to lodge a US non-resident return, the cost for a simple return with one rental property would be approximately $600 plus GST and dependent on the quality of the information provided.
 
Please complete the inquiry form below should you wish to access US tax advice - we respond promptly to all enquiries.

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