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

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Year End Planning – U.S. Citizens Who Own Canadian Mutual Funds

Steven Flynn, CPA, CA, CPA (Washington) 11/10/2015

U.S. citizens living in Canada face adverse US income tax consequences where they own Canadian or other non-U.S. mutual funds. If you are not sure how the US’s “Passive Foreign Investment Company” rules apply here, please see our previous blog entry US Persons Holding Non-U.S. ...

Changes to Certain Cross-Border Tax Amounts for 2015

Steven Flynn, CPA, CA, CPA (Washington) 02/04/2015

As the calendar changes to 2015, both the Internal Revenue Service and Canada Revenue Agency have changed or left unchanged certain amounts and figures. Below are some of the revised amounts, numbers and limits for the year 2015 relevant to U.S. citizens resident in Canada. ...

Canada Revenue Agency Extends The 2013 Personal Tax Return Filing Deadline

Steven Flynn, CPA, CA, CPA (Washington) 04/14/2014

Recently the Canadian federal government’s website and computers were hit by the Heartbleed bug. The computer virus took down Canada Revenue Agency’s online filing services and also prompted the government to shut down access to client information sites such as Represent a Client, Netfile, My ...

Internal Revenue Service Amnesty Programs

Steven Flynn, CPA, CA, CPA (Washington) 01/01/2014

In 2014, the IRS announced changes to its programs to help delinquent taxpayers file U.S. tax returns. We blogged about the changes to the Streamlined Foreign Offshore Procedures and Streamlined Domestic Offshore Procedures before; you can click to read our blog Internal Revenue Service Announces ...

Internal Revenue Service – Taxpayer Advocate Service

Steven Flynn, CPA, CA, CPA (Washington) 04/15/2013

The IRS Taxpayer Advocate Service is an independent department within the IRS that helps taxpayers resolve their problems with the IRS. These problems can include tax matters that are causing the taxpayer financial difficulties or immediate threats of adverse action. The problems can also include ...

Extending the U.S. Tax Filing Deadline

Steven Flynn, CPA, CA, CPA (Washington) 04/08/2013

Mention the date April 15th to a U.S. person and their first thought probably turns to taxes. Individuals who are required to file a US income tax return are generally required to file their return on or before April 15th provided that the date falls ...

Married Couples – When to Consider Filing Separately

Steven Flynn, CPA, CA, CPA (Washington) 02/08/2013

Many married U.S. citizen and/or U.S. resident couples file a joint US income tax return. It is convenient, allows taxation of income at potentially lower tax rates compared to filing separately and may save a small amount of preparation time and professional fees. However, in ...

IRS Streamlined Procedures – Update on Non-Residency Requirements

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

On June 18th, the IRS released revisions to the Streamlined Procedures. Our June 19th blog entry summarized these changes and raised concerns over the non-residency requirement. In particular, the requirement that a person spend more than 330 days outside the U.S. in each of the ...

Online Poker Winnings – Taxable in Canada or the U.S.?

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

A recent Canadian tax court case confirmed that an online poker player’s winnings were not subject to Canadian income tax. In Radonjic V. The Queen, 2013 FCC 916, Peter Radonjic, a Coquitlam BC resident, paused his career as a lawyer to play online poker on ...

Death and Taxes – U.S. Citizens Living in Canada

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

U.S. citizens who die while resident in Canada face taxation issues from two countries: Canadian income tax on unrealized gains and certain tax deferred assets and U.S. federal estate tax on the fair market value of all assets. This blog briefly summarizes the tax issues ...

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.