Where Form 3520 Pros 2023-2024

If you're a US person with an Australian superannuation fund, you might have heard that you are completely screwed or that you have no problem at all. Recently, a US tax professional sponsored an article in the SMSF adviser, a source for self-managed superannuation funds, claiming that he found the secret to proper tax treatment of all superannuation funds. Bottom line, we wish what he was saying was true, but as attorneys, we find numerous flaws that create unnecessary risks instead of alleviating any problems. The video that follows is a tad long, but if you really want to understand the US tax treatment of superannuation funds, we think it's a great place to start and really worth your time. Hello Anthony, hello Cody, and hello, we're being joined today by a very special guest, our lead international attorney, Robert V Hansen (the V stands for Victory). We want to talk about the treatment of superannuation funds. We came across a pretty interesting article on SMSF advise.com. So, Anthony, talk about that. Yeah, this was something brought to me by a CPA of one of our accountants who has a superannuation fund. We're a bit concerned about it and the work we have to do on that. Here's this article written claiming that we're doing it all wrong and that it's really simple. There's a lot of confusion in the US regarding the proper US tax treatment of Australian superannuation. It's claimed to be exempt from US taxes under the treaty. Here's why that claim is made. As we went through this article, we wish some of the things he's saying were true. Yes, we absolutely wish a lot of what he was saying was true. We wish that Australian superannuation were exempt, simple, and that you basically just had to report an...