Monday, April 12, 2010

Tax time

Tax day is nearly upon us.  We haven't done ours yet... haven't even sorted out our documents.  Luckily, the IRS grants an automatic 2-month extension to ex-pat citizens, without us even having to apply for it.  Whew!

NZers don't do their taxes.  There's no need.  The system of taxation is so straightforward that unless you're self-employed or have some special circumstances, it's moot trying to 'settle up' at the end of the year.  Tax is even automatically taken out of the interest we make on our bank accounts.  Easy!

1 comment:

Mom said...

Another plus for New Zealand! Good luck getting an accountant, or perhaps better yet, a computer program, to do it for you. We had excellent luck with Turbo Tax, once we solved the problem of loading it. (the 5 year old computer is too outdated).