NZ US Tax Specialists Ltd.

18/01/2026

With the 2025 tax year bringing some of the most significant changes to the State and Local Tax (SALT) rules in nearly a decade, many taxpayers are unsure how the new thresholds and phaseouts will affect them.

In my latest article, I break down what’s changing, and who stands to benefit.

The State and Local Tax (SALT) deduction has long been one of the most debated features of the U.S. tax code. For tax years commencing in 2025, the deduction has seen the most significant increase in several years. The cap has lifted from $10,000 to $40,000 for joint filers and $20,000 for taxpayers...

17/11/2025

Let's take a deep dive into Form 5471 civil penalty cases. Read our latest article on 2025 U.S. tax court developments.

This three-part series is an in-depth discussion about civil penalties, particularly with respect to international information return Form 5471. The statutory framework for civil penalties was discussed in Part One. We now focus on one specific penalty involving failure to furnish information to the...

05/11/2025

The U.S. government shutdown is now the longest in history. There are compounding effects on the Internal Revenue Service, taxpayers and tax practitioners. The following article explores what activities the American Institute of Certified Public Accountants is doing, to help these groups.

https://www.nzustax.com/aicpa-lobbies-commissioner-of-the-internal-revenue-service-due-u-s-government-shutdown-impact-on-u-s-taxpayers-and-tax-practitioners/

16/10/2025

The U.S. government shutdown is now into its 16th day, creating confusion and havoc in the U.S. tax community across the globe. The AICPA commented earlier today that fears are, as could be predicted, growing for the accumulating effects of the shutdown on all affected parties. Last week the America...