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Do you ever ask your client if they are a US citizen?

Published on 01 Dec 07 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

US citizens cannot escape US taxation of their worldwide income because they are Australian tax residents. Therefore any advisor providing taxation, financial planning and estate planning advice to these clients should always consider both Australian and US taxation consequences. Most importantly, it cannot be assumed transactions that are not taxed in Australia are tax free in the US. Awareness and planning is therefore essential.

Author profile:

Rosemary Everett CTA
Rosemary is a Principal with Martin Goodrich & Associates. Current at 09 March 2009 Click here to expand/collapse more articles by Rosemary EVERETT.
 
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