March means different things to different people. Spring flowers. Longer days. College Basketball. It’s also a time people start to think about their own income tax returns. Deadlines arise in the spring and March 15th is just one such deadline for some U.S. corporations and those individuals that are required to ensure a non-U.S. trust […]

For the last eight years, the Internal Revenue Service has offered a number of tax amnesty programs to allow taxpayers to come forward and declare unreported non-U.S. source income and assets. Using these programs reduces penalties and can prevent criminal prosecution. We have previously written about some of these programs: Internal Revenue Service Amnesty Programs […]

When an individual ceases to be a resident of Canada, he is deemed to have sold his worldwide assets (with some exceptions) and is subject to Canadian tax on any accrued gains in the year he emigrates from Canada. While Canadian real properties are not subject to this deemed sale, the former home in Canada […]