IRS Data sent to the Australian ATO

[Mal412]

Each March my US Broker sends the IRS my 1042-S form which includes the dividends and interest credited to my account the previous year. Is this the only information the IRS sends to the ATO, or do they also send the account balance and turnover (this info is not on the 1042-S)?

Thanks in advance.

 

[Martin Everson]

Sorry but does it matter. It is your duty to report what the ATO needs.

Be open about this are you trying to hide something from the ATO? ns2

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.