The last thing on your mind when you head to your holiday parties in December is tax, I know, but as the year draws to a close, it's important to take a quick minute and prepare before year end. Getting organized early can help ensure a smoother process and possibly better tax outcomes (and most importantly avoiding any traps). To help you out, we've created a checklist for everything you should consider before you raise a glass to 2024.
Whether you're an individual taxpayer, a family member with dependents, a freelancer, or something in between, it's important to know that there are going to be a wide range of questions you're asked by your accountant or in tax preparation documents. It's also possible that there are things you should have done before year end, and we don't want you to miss the window!
Download the 2024/25 tax checklist
Here's the ultimate checklist for what you need to sort out before the year ends.
Included in the checklist is
- Key dates & timelines
- Individual and work requirements;
- Considerations for family members;
- Specifics for business owners and freelancers;
- Checklists for investments and receipts; and
- Some extra tips to make things work smoothly.
Ready for more? Register now for our tax webinar in January 2025!
You're no doubt going to have lots of questions, so Jason Stoch from Uptrend Advisory and Josh will be sitting down for an hour long webinar answering all your submitted questions on January 21, 2024 at 8pmET USA / 5pmPT USA / 12pm EST (January 22, 2025) in Australia.
Register now for US Taxes for Expats: Our Tax Expert Answers Your Questions
Key topics that we'll cover (along with answering your questions):
- Which country do I have to file returns in and what other requirements are there?
- When and how do I file a tax return in the US?
- What’s the Substantial Presence residency test and the impact of immigration status on residency?
- What are the tax requirements of a resident vs non-resident?
- What the tax requirements of an Australian that is treated as a resident in more detail e.g. Investment properties, shares/stocks?
- The Tax Treaty between the US and Australia
- FBARs / declaring foreign income + offshore assets
- When is a W-8BEN (or W-9) required?
- What impact can a second Trump Presidency have on expat taxes?
You can submit questions when you sign up and we will do our best to provide information that will be relevant for everyone who is joining!
Question submission closes on January 19, 2025.
