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    jgerpe's Avatar
    jgerpe Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 21, 2006, 12:09 PM
    Australia tax imposed on US IRA/RO?
    Dear Expert-
    A client is telling me (I'm an RIA) when he relocates to Australia, he will be taxed on a current year basis on his IRA Roll-over. He will not be taking any distributions from this roll-over, which would stay in the U.S. He has been told of this tax by someone with KPMG. Is this true?
    Thank you for your response,
    Jg
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 21, 2006, 10:17 PM
    Sorry, I do not have the expertise in Australian tax law to comment.
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