This is some blog description about this site.


James Simango, CPA

James Simango

CPA (U.S. Qualified), CPA Australia, B.Sc (Fin)(Acc)

James is a licensed CPA in both the U.S. and Australia. He specializes in cross border tax issues between the U.S. and Australia.

He is a member of the American Institute of Certified Public Accountants (AICPA), CPA Australia, and is registered with the California Board of Accountancy, Virginia Board of Accountancy. James earned his Bachelor’s of Science in Finance and a Bachelor's of Science in Accounting from the Central Michigan University in the United States. Being both a U.S. and Australian qualified CPA, James brings you a more comprehensive view on your tax obligations and tax planning either in the U.S. and Australia.

Recent Posts

  • Direct Foreign Investment Into The US

    Form BE-15 Claim for Exemption   This report is required if foreign ownership in the U.S affiliate falls below 10 percent, the U.S. affiliate is fully consolidated or merged into another U.S. affiliate, or if all of the following three items for the affiliate are $40 million or less (positive or negative):  Following an initial filing, ...
    Jan 28 Tags: Untagged
  • IRS Cracking Down On Banks With US Citizens

    If you're thinking that you "got away" with not filing a tax return five years ago because the IRS never contacted you, it may come back to haunt you. Think Again.  If you do owe back taxes and do not pay, you can incur additional penalties and interest for the time lapse of these unpaid taxes. What are you waiting for? The sooner you take c ...
    Jan 28 Tags: Untagged
  • Offshore Voluntary Disclosure Program Reopens Featured

    The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more than $4.4 billion so far from the two previous international programs. The IRS reopened the Offshore Voluntary Disclosure Program (OVDP) following continued ...
    Jan 28 Tags: Untagged
  • Six Ways To Avoid IRS Problems

    For taxpayers looking for ways to avoid the last-minute rush for preparing and filing tax returns, it is important that you: 1. Organize Tax Records. Tax preparation time can be significantly reduced for taxpayers who develop a system for organizing their records and receipts. Start with the income, deduction or tax credit items that were on last ...
    Jan 06 Tags: Untagged
  • IRS Offers Some Relief for Expats and Dual Citizens

    The Internal Revenue Service has provided information to clarify the tax responsibilities of U.S. citizens and dual citizens living abroad in response to concerns from Canadians and expatriates from other countries about penalties that might be levied on their unpaid taxes and undeclared bank accounts. The IRS posted the information on its Web ...
    Dec 02 Tags: U.S. Tax
  • Other entries by James Simango, CPA