U.S.-Australian Dual Taxation Issues: Superannuation Funds, Mortgage Offset Accounts, and the U.S.-Australia Tax Treaty
Note: CLE credit is not offered on this program
A live 110-minute CPE webinar with interactive Q&A
This webinar will provide tax advisers filing returns for clients taxed in both Australia and the U.S. with an explanation of reporting requirements and tax obligations in both countries. The panel will discuss treaty provisions, relief from dual taxation, residency determinations, and how to mitigate overall taxes paid.
- The U.S.-Australia Income Tax Treaty
- Residency determinations
- United States
- Types of income and taxation
- Australian superannuation funds
- Mortgage offset accounts
- Dual taxation relief
- FATCA and FBAR reporting
- Other planning steps
The panel will review these and other vital issues:
- Who is a U.S. resident and subject to U.S. individual reporting requirements?
- What is an Australian mortgage offset account?
- What is an Australian superannuation fund?
- What Australian accounts are subject to U.S. foreign reporting requirements?
- What relief is available to offset dual taxation?
C. Edward Kennedy, Jr., CPA, JD
C Edward Kennedy Jr
Mr. Kennedy has more than 36 years of experience dealing with a variety of international tax matters, specializing in... | Read More
Mr. Kennedy has more than 36 years of experience dealing with a variety of international tax matters, specializing in tax consulting services to a wide variety of clients ranging from closely held companies to multi-national businesses. His expertise includes domestic and foreign income and social security tax planning, tax compliance for individuals and corporations, tax treatment of incentive compensation plans, international assignment program administration, and international assignment policy design. He has also served as the U.S. practice leader for international social security matters for a Big 4 accounting firm.Close
Patrick J. McCormick, J.D., LL.M.
Culhane Meadows Haughian & Walsh
Mr. McCormick specializes in the areas of international taxation, tax compliance, and offshore reporting... | Read More
Mr. McCormick specializes in the areas of international taxation, tax compliance, and offshore reporting obligations. He published national articles and given numerous national and local presentations on assorted areas of tax and estate planning law, including international tax and offshore compliance issues. His latest article on PFICs is titled Tax Reporting Implications of Foreign Mutual Funds. He is licensed to practice in the States of New Jersey, Florida, and Georgia, and the Commonwealth of Pennsylvania.Close
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