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Canada Revenue Agency Form T1135
In its 2013 budget, Canada announced the launch of Stop International Tax Evasion Program aimed at reducing international tax evasion and avoidance. The program allows Canada Revenue Agency to pay rewards to individuals with information on significant international tax non-compliance that leads to the collection of outstanding taxes due. Canada Revenue Agency also announced details […]
Internal Revenue Service – Taxpayer Advocate Service
April 15, 2013The 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 a lack of response by the IRS to calls and […]
Extending the U.S. Tax Filing Deadline
April 8, 2013Mention 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 on a weekday. In years when the 15th falls on […]
Married Couples – When to Consider Filing Separately
February 8, 2013Many 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 some situations, filing a joint US income tax return may […]