Episode 4 - US Taxes for Australian Expats

In this essential episode of Money Side Up, we delve into the complex world of US tax obligations for Australian expats with Jason Stoch, Managing Director of Uptrend Advisory. As a Chartered Accountant in Australia and a US CPA, Jason brings a wealth of expertise to the table, making this a must-listen for any Australian living or planning to move to the United States.

Join Jarrad Brown and Will Cant as they uncover crucial insights on:

• The key differences between Australian and US tax systems that expats need to be aware of.
• How US tax residency rules impact Australian expats and the main implications.
• A high-level overview of how income is taxed in the US for Australian expats.
• The importance of understanding double tax agreements and how they prevent double taxation.
• Specific considerations for superannuation and retirement savings, including the treatment of self-managed super funds and industry funds.
• The intricacies of property ownership for Australians living in the US, including tax implications for owning and selling property.
• The impact of state taxes and why it's crucial to understand state-specific rules.
• Common mistakes made by Australian expats and how to avoid them through proper planning.
• Cultural and financial adjustments for Australians moving to the US.

Jason shares valuable case studies and success stories, highlighting the importance of education and proactive planning to avoid costly mistakes. Whether you're an Australian already in the US or planning to move, this episode is packed with insights, tips and traps to help you navigate the complexities of US tax obligations.

Listen now on all major podcast platforms and follow us on social media @MoneySideUp for updates and more financial tips for Aussies worldwide.

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Disclaimer:

• The content of this podcast is for informational and entertainment purposes only and should not be considered as financial advice. Always seek professional advice from a licensed financial adviser or tax agent for your personal financial matters.

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Upcoming Episode:

• Don’t miss our next episode where we're interviewing an excellent guest, and covering the latest need to know personal finance information for Australians at home and abroad. Stay tuned!