Maroof HS CPA Professional Corporation, Toronto

US Income Tax Services

U.S. Canada Cross Border Tax Consultants: U.S. Individual and business taxes for Canadians. IRS authorized Acceptance Agent for ITIN and EIN applications in Canada.

U.S. Expat Tax Services in Canada

Tax Returns for U.S. Expats living in Canada are different than those living in the US. The addition of multiple forms for each source of income or asset keeps on adding complexity. It does not end there, skipping the filing of those forms results in steep penalties imposed on U.S. taxpayers.  All that makes it even more important to consult a tax professional who specializes in the preparation of Tax Returns for U.S. Expatriates.

We help U.S. citizens, residents or nonresident aliens navigate through the maze of Tax Laws and confusing IRS forms to fulfill compliance requirements.

U.S. Federal Income Tax Return Preparation

You must file a U.S. individual income tax return if you are a US Citizen living outside, a Resident alien in the U.S., or a non-resident making investments (or generating income) in the United States. Depending on the individual tax situation, there may be substantial additional reporting requirements than normal tax returns.

A wide range of US ex-pat tax services provided by us include:

  • Preparation of Federal Tax Returns for US Citizens living in Canada
  • Tax Preparation for Non-Residents
  • Tax Preparation for Resident Aliens
  • Tax Preparation for dual-status residents in the US
  • Getting Refunds from IRS for withheld taxes
  • Claiming Tax Treaty Benefits
  • Advice for Back Tax Filings
  • International information returns 
  • Self-Employment Taxes for Foreign sourced Income

U.S. Tax Services for Businesses

Whether you are a US business operating within the United States only or a Canadian business or individual having U.S. income tax filing requirements, we are here to help with your U.S. business taxes.

We prepare tax returns for:

  • Corporation income tax return for foreign Corporations (1120F)
  • Corporation income tax return for C-Corporations (1120)
  • Corporation income tax return for S-Corporations (1120S)
  • Partnership income tax return (1065)
  • Income tax returns for Limited Liability Companies (LLC)
  • Protective tax returns for Canadian Corporations 
  • Treaty-based positions for E-commerce and online businesses operating from Canada
  • International information returns 

All of the above tax returns are prepared by a United States CPA and include both federal and state returns.

IRS Certifying Acceptance Agent for ITIN and EIN in Canada

Maroof HS CPA Professional Corporation is an IRS authorized “Certifying Acceptance Agent” in Canada, for the applications for ITIN & EIN. 

ITIN Applications

ITIN (Individual Taxpayer Identification Number) is issued by Internal Revenue Services for those who do not have or are not eligible for, Social Security Number. We prepare your ITIN application W-7 or review the one prepared by you, review all the original or certified documents provided by you, submit your application to IRS, and get you the ITIN.

If you are a resident of Canada with a US reporting requirement, we can help you with both ITIN application and US income tax returns at the same time.

EIN Applications

If you are a Canadian business that needs an Employer Identification Number (EIN) from IRS, we prepare and file your application, and obtain EIN for you.

EIN is required for businesses having U.S. income tax filing requirements. Due to the Canada-U.S. Tax Treaty, Canadian businesses are often exempt from U.S. taxes on effectively connected business income unless there is a permanent establishment in the U.S.

Having exemption from income taxes in the U.S. does not exempt such businesses from filing U.S. income tax returns. We help businesses in both getting EIN and the income tax return filings.

Income Tax Services for US LLC doing business in Canada

If you are using a US Limited Liability Company (LLC) to conduct business in Canada, your LLC will be subject to different income tax treatment in Canada. A US LLC is either a fiscally transparent entity disregarded as an entity separate from its owner/member(s) or it might have checked the box and treated as a corporation in the United States. We provide both Canadian and US Income tax services for LLCs engaged in business in Canada.

Read: How a U.S. LLC is taxed in Canada? and Hybrid Entities in Canada.

U.S. Individual Tax Returns with CFCs (GILTI, Sec 962, & 5471)

The final and proposed regulations released in 2020 now allow U.S. individual taxpayers to elect under section 962 to treat their CFC income as received by a domestic corporation. Section 962 election sometimes causes a painful return preparation process for individual taxpayers who are good at D-I-Y tax returns. We prepare the tax returns involving Controlled foreign corporations (CFC) with GILTI inclusions and Sec 962 elections (or 954 elections) for individuals.

U.S. tax returns involving Sec 962 are complex and expensive ones, its always recommended to plan ahead. The U.S. taxpayers with Canadian corporations are recommended to take advantage of our one-stop solution for both Canadian corporate tax services and U.S. income tax services.

U.S. International Tax – Canada Focused

We provide comprehensive income tax services for the United States. 

If you are a U.S. citizen or green card holder living in Canada, moving to Canada from the U.S. or another way, a Canadian living in the United States, or have a U.S. reporting requirement for any other reason, we can assist you. 

Some of the specialized forms we help with are:

  • Form 5471 (for both individuals and corporations) – Information Return of U.S. Persons With Respect
    to Certain Foreign Corporations
  • Foreign assets reporting such as FBAR and form 8833
  • Form 8621, for PFIC Filings 
  • Form 8833, Treaty-based positions
  • Form 1120-F for Canadian corporations, whether a branch or filing a treaty-based position 
  • Other commonly used forms 926, 8865, 3520, etc 

Our Services

We offer a range of services when it comes to income tax services for both individuals and corporations in Canada and the United States. 

Learn more about our income tax, accounting and business consultancy. 

Get In Touch!

Ready to find out why are we the favourite accountants in Canada? Get in touch with us to experience the best services in the city. 

We respond to all quote requests within one business day!

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If you have a tax question, you can submit to us and we may publish the answer if its an area of general interest for a wider audience.

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What Our Client's Say

Always perfect! Anything less than that is not acceptable..

Shawn
XNM Creations - Toronto
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"Absolutely the best CPA out there. I made over 100 calls before I met them! Maroof is extremely knowledgeable and genuinely wants to help other businesses. He takes time to explain complex things. He is also future-proof, so young entrepreneurs like to easily approach him."
AJ & Raheel
Car Squad - Toronto
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"Very professional and easy to deal with, Maroof was flawless in dealing with and helping us secure our financing for a multi-million dollar automotive operations in GTA. We tried several places, and Maroof was by far the best and easiest to deal with, thanks for all the help, my friend! Looking forward to more future business!"
Daniel Passmore
Passmore Law - California
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“Maroof has prepared several financial statements for my clients. He is thorough, accurate, detailed, and attentive. I continue to utilize his services and have never been disappointed.”
Gary Rotman
Hew Technologies & SIMPL
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“I had been looking for a reliable Chartered accountant, found Maroof. He has proved to be an excellent decision for our both companies. His team handles all our accounting requirements, for both our US and Canadian corporations. His pricing/value has been one of the best I have seen in over 30 years in business working with many people in the accounting and income tax disciplines. Highly recommended!”
Eric Ing
Nozo Inc.
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Maroof was super helpful and professional. Helped me through a tonne of my business and personal taxes. Answered quickly, answered all my questions, was patient with the process, made the entire thing understandable. I'll be sticking with this guy for all my future tax needs and have already referred him to a few of my friends. Super legit dude, friendly personality.
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