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
- FBAR reporting
- Self-Employment Taxes for Foreign sourced Income
- Dealing with IRS Inquiries and Audits
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
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 (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.
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.
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 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.