U.S. Tax Tips

Aug 20, 2018

The U.S. Repatriation Tax – IRC §965: Proposed Regulations Issued

On August 3, 2018 the IRS issued “final” proposed regulations… Read more »

Jul 30, 2018

FBAR Penalties – the Court Speaks (for now)

The Internal Revenue Service was handed a defeat with respect… Read more »

Jul 23, 2018

IRS Service Offerings – Available to Some, Not All

U.S. citizens abroad are burdened with the same federal tax… Read more »

Jul 11, 2018

U.S. Sales Tax – Update: The Streamlined Sales and Use Tax Agreement (SSUTA)

In light of the United States Supreme Court South Dakota… Read more »

Jul 04, 2018

New IRS Compliance Programs

On July 2nd, the IRS Large Business and International division… Read more »

Jun 25, 2018

Wayfair, you’re just what I don’t need South Dakota v. Wayfair, Inc. et al Major Changes Coming for U.S. Sales Tax

As Canadian companies grow their business into the United States… Read more »

Jun 06, 2018

The U.S. Repatriation Tax – IRS issues further guidance

On June 4, 2018 the IRS issued News Release IR-2018-131. … Read more »

Apr 09, 2018

What is my U.S. taxable year (as it relates to certain Canadian corporations)?

The recently enacted U.S. Tax Cuts and Jobs Act introduced… Read more »

Apr 03, 2018

IRS Provides Some Relief For U.S. Taxpayers Abroad in Meeting the Repatriation Tax Payment Deadlines

Yesterday, April 2, 2018, the IRS released Notice 2018-26, the… Read more »

Mar 27, 2018

Understanding U.S. Due Dates, Extensions and Payment Dates

The due date for a U.S. personal income tax return… Read more »

Mar 19, 2018

Understanding the U.S. Days Counting Test and U.S. Tax Residency

In most countries an individual’s tax residency is determined by… Read more »

Mar 15, 2018

IRS Announces the end of the Offshore Voluntary Disclosure Program though Streamlined is still around – for now

On March 13, 2018 the Internal Revenue Service announced (IR-2018-52)… Read more »

Mar 13, 2018

The importance of E&P – Will you be paying the right amount of tax to the IRS?

An accurate determination of “earnings and profits” (E&P) of a… Read more »

Feb 27, 2018

IRS Form 5472 : An easy but expensive filing obligation to overlook?

Recent media coverage, as it relates to U.S. tax in… Read more »

Feb 20, 2018

Understanding Constructive Share Ownership

The Tax Cut and Jobs Act (TCJA) has significant implications… Read more »

Feb 13, 2018

Changes to U.S. “Kiddie Tax” Rules

With both the increases in Canadian personal tax rates, over… Read more »

Feb 06, 2018

Do You Owe Money to the IRS? You May Lose Your US Passport

If you are a U.S. citizen and you have a… Read more »

Jan 29, 2018

Are you GILTI? New U.S. Rules Impact U.S. Individual Shareholders of Canadian Corporations

“An Act to provide for reconciliation pursuant to titles II… Read more »

Jan 15, 2018

U.S. Tax Reform – Deemed Repatriation Tax and Individual Shareholders of Canadian Corporations

On December 22, 2017 President Trump signed into law, “An… Read more »

Dec 08, 2017

U.S. Corporate Tax Reduction – Impact on CCPC shareholders – Part II (GRIP)

This U.S. Tax Tip follows up on the US Tax… Read more »

Nov 30, 2017

Proposed U.S. Corporate Tax Reduction – Impact on CCPC Shareholders

Both the U.S Republican House and Senate tax plans (The… Read more »

Nov 20, 2017

Has Your ITIN Expired?

If you are a US nonresident alien and have filed… Read more »

Nov 15, 2017

U.S. Tax Reform – Is It Permanent?

Ever since President Trump announced his candidacy for President, both… Read more »

May 25, 2017

FATCA and Catch up Filing – Is the end in sight?

Since 2009, the U.S. Internal Revenue Service (“IRS”) has had… Read more »

Mar 27, 2017

Foreign Bank Account Reports – Make Sure to File Them

A United States person is required to file FinCEN Form… Read more »

Mar 17, 2016

Canadian Mutual Funds

Although this topic has been extensively covered in the Canadian… Read more »

Jan 11, 2016

Changes to FIRPTA under the PATH Act

On December 18, 2015, President Obama signed into law the… Read more »

Dec 23, 2015

U.S. Employees and IRS Form 1095-C

“Employer-Provided Health Insurance Offer and Coverage” In general, absent any… Read more »

Nov 18, 2015

NY Corporate Tax Changes

The 2014-15 New York State Budget, enacted on March 31,… Read more »