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Internal Revenue Service announces changes to Streamlined Programs
On June 18th, the Internal Revenue Service announced changes to the Offshore Programs to help ease the tax reporting compliance burden on delinquent taxpayers and assist more taxpayers to come forward to get their U.S. tax return filing obligations up to date. Now referred to as the “Streamlined Foreign Offshore Procedures” or “Streamlined Domestic Offshore […]
Will FATCA Be Implemented in Canada?
May 12, 2014Some commentators have suggested Canada’s recently signed Intergovernmental Agreement (“IGA”) with the US violates Canada’s Charter of Rights. If they are right and the IGA is implemented, it may be overturned by Canadian courts. The IGA is an agreement that modifies the US’s Foreign Account Tax Compliance Act (“FATCA”). FATCA and the IGA FATCA is […]
We’ve added FATCA Seminars for Vancouver
May 2, 2014On July 1, 2014 the Foreign Account Tax Compliance Act will require Canadian financial institutions to report accounts held by U.S. persons to the IRS. If you are a U.S. person who has not filed U.S. tax returns you may have significant exposure to tax, interest and penalties. and other relevant US tax topics. May […]
Canada Revenue Agency Extends The 2013 Personal Tax Return Filing Deadline
April 14, 2014Recently 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 Business Account and My Account. Canada Revenue Agency acknowledged that […]
