Steven Flynn, CPA, CA, CPA (Washington), Author at Andersen in Canada

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U.S. Federal Corporate Income Tax and Canadian Businesses Operating in the United States. What You Need to Know.

Steven Flynn, CPA, CA, CPA (Washington) 06/17/2020

In our latest video, Andersen partner Steven Flynn provides insights on the impact of U.S. federal corporate income tax for Canadian businesses operating in the United States. The video illustrates that there is now more flexibility for Canadian businesses seeking to do business in the ...

COVID-19 U.S. and Canadian Small Business Subsidies – A Comparison

Steven Flynn, CPA, CA, CPA (Washington) 04/06/2020

Canada and the U.S. recently created multiple financial assistance programs for businesses and individuals to address the economic challenges during the COVID-19 pandemic. Details continue to emerge in the beginning of April. We have been working with our clients who have business interests on both ...

IRS Assistance With Estate Taxes For International Filers

Steven Flynn, CPA, CA, CPA (Washington) 03/02/2020

Last fall, the Internal Revenue Service created a series of frequently asked questions on estate taxes for international tax filers. They addressed situations where descendants are non-residents and non-citizens of the U.S. at death but may have U.S. federal estate tax and filing obligations. A ...

IRS Amnesty Programs Are Closing Soon. What You Need to Know.

Steven Flynn, CPA, CA, CPA (Washington) 01/23/2020

Explanation of IRS Amnesty Programs The Internal Revenue Service offers amnesty programs for individuals, corporations and other entities who fail to timely file certain U.S. federal income tax returns and forms pay applicable taxes. Participating in these programs allows taxpayers to correct delinquencies while minimizing ...

Renouncing Your U.S. Citizenship? – Count ALL Your Assets

Steven Flynn, CPA, CA, CPA (Washington) 11/19/2019

Canadians with U.S. citizenship continue to review its benefits and costs. Its benefits include unlimited access to work and travel to the U.S. while its costs include the application of complex U.S. tax laws and requirement to file annual U.S. federal income tax returns to ...

Steven Flynn comments on BC’s new speculation and vacancy tax and the impact on foreign nationals who own Canadian real estate

Steven Flynn, CPA, CA, CPA (Washington) 02/26/2019

Canada Revenue Agency (CRA) is poised to receive significant data from the BC government that will help tie home ownership to income declarations. While BC’s speculation and vacancy tax is a measure to address the housing crisis in major urban centers in BC, it can ...

British Columbia Speculation and Vacancy Tax

Steven Flynn, CPA, CA, CPA (Washington) 01/28/2019

Owners of BC residential property need to be aware of the new 2018 British Columbia Speculation and Vacancy Tax affects and how to apply for exemptions. To prevent housing speculation in British Columbia and help turn vacant homes into rentals in its overheated market, the ...

U.S. Transition Tax – Update Number Five

Steven Flynn, CPA, CA, CPA (Washington) 06/07/2018

As they did before the April 15th tax filing deadline, the IRS once again issued guidance on the U.S. transition tax right before a tax filing deadline. This time, the filing deadline is June 15, the extended filing deadline for U.S. taxpayers abroad, the very ...

U.S. Transition Tax – A Fourth Update

Steven Flynn, CPA, CA, CPA (Washington) 04/14/2018

In mid-April, there is usually a race against time by taxpayers and accountants to meet U.S. tax filing deadlines. The normal U.S. tax filing deadline for the 2017 year for individuals and certain U.S. entities is Tuesday, April 17th (a few days later than the ...

U.S. Transition Tax – Next Update

Steven Flynn, CPA, CA, CPA (Washington) 04/03/2018

On April 2nd, the IRS and U.S. Treasury issued more guidance on the U.S. Transition Tax enacted by the Tax Cuts and Jobs Act (“TCJA”) in December 2017. As the U.S. moves to a territorial tax system for profits earned outside the U.S., this provision ...

The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.