The Essential Tax Podcast with Mishkin Santa, Episode 08
In this episode of The Essential Tax Podcast, Mishkin Santa speaks with David Tzimenakis, one of the managing directors at The US Tax Team New Zealand. David brings his expertise in U.S. tax issues for expatriates and covers a wide range of topics from transitional residency rules in New Zealand to the complex world of tax implications for foreign investments. The US Tax Team is a New Zealand-based, US tax practice. They assist US citizens, green card holders, and others with a link to the US, with their US tax obligations. This includes tax consultancy and tax return preparation.
Tune in for these key takeaways:
* Insight into the New Zealand and U.S. tax systems, focusing on the unique challenges faced by U.S. expatriates in New Zealand
* Detailed discussion on specific tax rules like the FIF (Foreign Investment Fund) rules and the PIE (Portfolio Investment Entity) tax rules in New Zealand
* Advice on pre-migration tax planning, the importance of understanding transitional residency, and the potential tax traps for new residents
* Exploration of international tax comparison, particularly the treatment of imputation credits in New Zealand and their contrast with the U.S. tax system
Learn more about David Tzimenakis:
* LinkedIn Profile: https://www.linkedin.com/in/david-tzimenakis-668706119/
* Visit The US Tax Team’s website: https://www.usatax.nz
Further Resources:
* The US Tax Team – KiwiSaver explainer - https://www.usatax.nz/knowledge-centre/kiwisaver-trust-reporting-on-form-3520-and-3520a
* The US Tax Team – Tips for moving to NZ - https://www.usatax.nz/knowledge-centre/5-top-tax-tips-for-us-citizens-moving-to-new-zealand
* PFIC – A brokerage example - https://www.usatax.nz/knowledge-centre/form-8621-pfics-sharesies-us-tax-trap
* The US Tax Team – Contact Us - https://www.usatax.nz/contact-8
* Understanding FIF Taxation - https://www.johnstonlaw.nz/post/navigating-the-challenges-understanding-the-application-of-the-fif-rules-in-new-zealand
* Transitional residency in NZ - https://www.johnstonlaw.nz/post/get-your-tax-residency-right
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About The Essential Tax Podcast:
In each episode of The Essential Tax Podcast, Mishkin Santa takes on the complex world of tax, guiding you through a range of tax topics in a way that cuts through the jargon, acronyms, and complexities that make your eyes glaze over, so that you can understand the latest developments and how they relate to you.
Watch or listen to more episodes of The Essential Tax Podcast:
* https://www.youtube.com/@TheWolfGroupPC
* Apple: https://podcasts.apple.com/us/podcast/the-essential-tax-podcast/id1754660944
* Spotify: https://open.spotify.com/show/2beZfOpwfBlBgWHlNelAOf
Connect and learn more from your host, Mishkin Santa:
* Connect with Mishkin on LinkedIn: https://www.linkedin.com/in/msanta
* Follow The Wolf Group, P.C. on LinkedIn: https://www.linkedin.com/company/the-wolf-group-pc
* Read Mishkin’s bio on Wolf Group, P.C.’s website: https://thewolfgroup.com/our-people/mishkin-santa
