Australian pilots can work for US regionals.
If you go the the States and remain an Australian resident for taxation are you taxed on income streams in Australia by the IRS? This isn’t an unlikely scenario for many commuters and with new residency legislation before the Senate widening the net. So how does your investment properties and franked share portfolio fair?
Last edited by Gnadenburg; 14th Feb 2023 at 19:40.
If you go the the States and remain an Australian resident for taxation are you taxed on income streams in Australia by the IRS? This isn’t an unlikely scenario for many commuters and with new residency legislation before the Senate widening the net. So how does your investment property and franked share portfolio fair?
There seems to many gotchas. Establishing a residency either way is critical and working from there. For those approaching an independently funded retirement it could even become a no-go decision. Every which way you turn there are serious tax implications. It’s not just income streams. Super too. You may have utilised your non-concessionary contributions and brought forward the three years- all
of a sudden the 330K after tax dollars you’ve put into Super could be taxed again by the IRS.
of a sudden the 330K after tax dollars you’ve put into Super could be taxed again by the IRS.
My understanding is generally since the tax rates are higher in Australia, you'll likely pay extra Aus tax on any USD earned, but no US tax on AUD earned. I've seen some finance firms that specialize in this listed in the FB groups, but that's the extend of my knowledge about it. I'm sure someone will chime in with more accurate information.
If you go the the States and remain an Australian resident for taxation are you taxed on income streams in Australia by the IRS?
Every year if you are an Australian citizen for tax purposes you will have to declare all income earned, even overseas for your tax return. That's when it gets messy.
From the ATO;
Your foreign income could be subject to double taxation if tax is withheld in the source country. To overcome this, Australia has a system of credits and exemptions and has signed tax treaties with more than 40 countries. This includes all our major trade and investment partners.
Last edited by 43Inches; 14th Feb 2023 at 21:01.
G'burg and 43, you're both right in that their is a lot to consider re taxes and packages. I'm not a Aus tax resident anymore, so my knowledge in that regard is limited. However my understanding is that super at least is generally untouchable by the IRS. That may change if you withdraw some of it.
Health insurance varies by employer, and there are often different packages with different costs associated depending on what your needs are. For example, I pay $340/month (pre tax) for two adults for a rock solid plan. 401k is a different beast again. It can be a match, where you have to put your own dollars into it, and your employer matches those contributions. Or it could be a direct contribution, which works more or less the same way as super.
In any case, if you're a tax resident in both countries, 43 is on the money and you absolutely need something better than TurboTax's online offering.
Health insurance varies by employer, and there are often different packages with different costs associated depending on what your needs are. For example, I pay $340/month (pre tax) for two adults for a rock solid plan. 401k is a different beast again. It can be a match, where you have to put your own dollars into it, and your employer matches those contributions. Or it could be a direct contribution, which works more or less the same way as super.
In any case, if you're a tax resident in both countries, 43 is on the money and you absolutely need something better than TurboTax's online offering.
Not 100% sure, but in the case of Super extraction and use in the USA I think you would be fairly safe. Super has tax paid on it on input, so under the treaty you would probably be able to direct transfer the lot with just the Aussie fees involved. But that of course depends how your super works, whether its lump sum or not. I have friends now Australian citizens and residents who received overseas payments for similar things (retirement type funds) and if it was taxed there at some point it's just paid into an account, although most are below the threshold for any real taxation. Best option on large sums is get professional advice, especially if it involves shares and investments outside cash, getting tax wrong is a big no no in the USA. The IRS has legendary powers.
If you are living and working in the USA you are not an Australian resident for tax purposes.
Get some professional advice because most of what is written here is incorrect.
Get some professional advice because most of what is written here is incorrect.
If you are living and working in the USA you are not an Australian resident for tax purposes.
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I’m very clear on residency and the changes tabled to Parliament. All I’ll say is, don’t get burnt by the ATO. Many comments here seem to have no clue on residency complexities.
If you are a pilot flying in the USA, and in Australia you have 300,000 AUD per annum of passive income from property and shares, will the IRS tax you? If you contributed to your Super will they tax you? Yes, you need expert help, however, every tax expert is different. Interested if anyone facing this scenario? Ex-Cathay pilots come to mind who have set up for retirement and can’t resist the lure of the States to finish it all off. If you do get taxed it could make going to the States a mistake.
If you are a pilot flying in the USA, and in Australia you have 300,000 AUD per annum of passive income from property and shares, will the IRS tax you? If you contributed to your Super will they tax you? Yes, you need expert help, however, every tax expert is different. Interested if anyone facing this scenario? Ex-Cathay pilots come to mind who have set up for retirement and can’t resist the lure of the States to finish it all off. If you do get taxed it could make going to the States a mistake.
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Hi,
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
Hi,
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
That's a good point. I saw his post and debated trying to answer it from the Peanut Gallery. So, I waited for someone smarter than I to kick off the responses.
But someone has to play Devil's Advocate so I will:
What if he goes the US route and by the time he gets competitive here for a US E3 job (2 to 3 years ?), the worm turns and it's suddenly not so good here for E3s ? He's then an Aussie with no Aussie license but is faced with trying to fly back home ?
Is it harder to convert an FAA license to CASA than to go from CASA to FAA ? And then, there's the time factor. Quicker employment opportunities here than there ?
It's a puzzle. But, I'm a little bit in your camp of suggesting he takes a run at it up here. When you're young and full of energy and optimism, chances aren't as intimidating.
I wish him luck and hope he tells us what he decided.
Hi,
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
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Hi,
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
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Thank you everyone for the advice 
The only problem I have, is that if I go to the US, I am not able to get any kind of student loan. Ideally, I would like to go to a US flying school straight after graduation, but my current feasible options are to work in Aus for a year and save up before going over or to go to a flying school in Aus straight after graduation.
If anyone is able to come up with any recommendations or opinions it would be much appreciated.
Will also keep everyone up to date with my career progression.
The only problem I have, is that if I go to the US, I am not able to get any kind of student loan. Ideally, I would like to go to a US flying school straight after graduation, but my current feasible options are to work in Aus for a year and save up before going over or to go to a flying school in Aus straight after graduation.
If anyone is able to come up with any recommendations or opinions it would be much appreciated
.Will also keep everyone up to date with my career progression.
Hi,
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
Just a question as an Aussie about to graduate from a four year Commerce/Aviation (Management) degree from UNSW.
I have no experience flying yet and honestly feel like eventually once I am done with all my training, I will end up living/flying in the US anyways.
Should I just go directly to the US and do my flight training there? It seems as if the demand and opportunity in America is huge, while very little in Australia.
It seems as if the Aussie schools are very expensive anyways, not worth it for what is is and don't offer any kind of guarantee of employment.
As for American schools, I have done my research and found a potentially promising school; Hillsboro Aero Academy. They offer a accelerated course where you can get your CPL, CFII, MEI, etc within a year at a relatively cheap price, offer an F-1 visa (gives you the right to work for 2 years after completing the course) and 99% of their graduates are able to get jobs as instructors, upon graduation. I will possibly be able to get an E3 visa afterwards as well.
Should I move to America straight after my degree and do flight training there, or do my flight training in Australia and move to the states afterwards?
I'd probably add that you'd need substantial savings / financial support to it as well. Even if you have enough for the course, you'd likely be too busy to work during it to be able to afford rent, food and beer. Like many of the Australians who have come over here, if you're single, you'll probably have a green card within a couple of years as well.
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My understanding is generally since the tax rates are higher in Australia, you'll likely pay extra Aus tax on any USD earned, but no US tax on AUD earned. I've seen some finance firms that specialize in this listed in the FB groups, but that's the extend of my knowledge about it. I'm sure someone will chime in with more accurate information.