Maroof HS CPA Professional Corporation, Toronto

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Tag: cross border taxes

cross border taxes

Cross border tax issues for U.S. persons with Canadian Corporations who are CFCs.
U.S. Income Tax

Controlled Foreign Corporations (CFCs)

The U.S. tax system went through a major overhaul as a result of the Tax Cuts and Jobs Act (TCJA). Beginning in 2018, the U.S. taxes individuals on worldwide income whereas corporations on a Quasi-territorial

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Cross border accountant toronto for IRS Streamlined program
U.S. Income Tax

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 foreign assets and provide all applicable information to support your

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How to get refund of taxes from IRS from Canada on the sale of U.S. property
Individual Tax - Canada

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, there is an upward trend of dispositions of U.S. real

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GILTI and US citizens shareholders of Canadian corporations
U.S. Income Tax

Understanding GILTI – For US Expats in Canada

Global Intangible Low-Taxed Income – Simplified! The Tax Cuts and Jobs Act of 2017 (TCJA) brought major changes to the U.S. tax system. With these changes come additional complications for U.S. citizens and resident aliens. 

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U.S. Canada cross border tax accountant for American citizens in toronto
U.S. Income Tax

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, Americans have moved to Canada in record numbers. Whether you have recently moved to Canada

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