IRS Streamlined Foreign Offshore Procedures
IRS Streamlined Foreign Offshore Procedures The IRS has strict rules when it comes to filing your taxes. You have to report all your income, and …
U.S. Income Tax
Canadian Taxpayers Selling U.S. Property
Many of Canadian taxpayers maintain a second home, a vacation property, or hold a U.S. real property interest for investment purposes. In 2020 and 2021, …
CCPC Shares & Emigration
Deemed disposition and departure tax for the owner-managers of Canadian Corporations.
Understanding GILTI – For US Expats in Canada
Global Intangible Low-Taxed Income – Simplified! The Tax Cuts and Jobs Act of 2017 (TCJA) brought some major changes for U.S. taxpayers. The Global Intangible …
2020 U.S. Individual Income Tax Returns – Deadline extended by IRS
The Internal Revenue Service (IRS) has extended the deadline to file Individual income tax returns for 2020 in the U.S. The new deadline is now …
2020 U.S. Individual Income Tax Returns – Deadline extended by IRS Read More »
Hybrid Entities – The Tax Problems in Canada
U.S. LLCs and S Corps are hybrid entities due to a mismatch of income tax treatment in both U.S. and Canada
Blockchain Technology and Cryptocurrencies
Blockchain technology, including Cryptocurrencies, are on the rise. What are the income tax implications and how to report them
10 Things Americans in Canada Should Know!
Effective February 12, 2021, the Internal Revenue Service (IRS) has begun receiving 2020 tax returns in the U.S. In 2020, the Americans have moved to …
How to apply for a U.S. ITIN from Canada?
Seemingly simple but a complex process!
COVID-19 Exception: Substantial Presence Test (U.S.)
Canadians in the U.S. must file U.S. tax return if they meet Substantial presence test. What’s the exception due to Covid-19