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We attempt to assist our readers by simplifying some of the complex income tax issues in Canada. Occasionally, we answer the general tax questions as well that can help a broader readership of our blog section.
INSIGHTS
IRS form 5471: U.S. Persons with Canadian Corporations
IRS form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, is one of the most complex forms in the U.S. Expat tax return package. The form has evolved significantly post-TCJA to
Foreign Accrual Property Income
How to calculate foreign accrual property income for a Canadian corporation.
T1134: Foreign affiliate Information Return
T1134 has changed for the tax years starting Jan 1, 2021 with additional reporting and disclosure requirements.
IRS Streamlined Foreign Offshore Procedures
IRS Streamlined Foreign Offshore Procedures In this post: Streamline Foreign Offshore Procedures (SFOP) – Overview Eligibility for SFOP Requirements of SFOP – Checklist Who should not use SFOP! How can Maroof HS CPA Professional Corporation
Top 10 Mistakes to Avoid on Personal Tax Returns
Tax filing is sometimes, if not always, a fairly complicated process! For the majority of taxpayers, it is so easy to make mistakes and overlook possible credits and deductions. It simply cannot be taken for
