10/12/2026
You left South Africa. Your trust didnβt.
As South Africans Expats ourselves, we see this all the time: families settle in, find schools, start working⦠and have no idea the IRS expects to hear about everything they still have back in SA.
Your SA bank accounts. Your RA. Your unit trusts. Your Pty Ltd. Your family trust.
Once youβre a US tax resident, these can all carry IRS reporting obligations, and missed forms can mean penalties starting at $10,000 each, even when no tax is due.
The good news? With proper planning, this is very manageable.
We are here in the States, specialising in helping South Africans get both sides right: IRS and SARS. Plan better, sleep better. π
www.finselect.us.com