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Press Release: FATCA and Non-U.S. Filers, the odds of the IRS finding you are increasing
FOR IMMEDIATE RELEASE MEDIA CONTACTWarren DueckW.L. Dueck & Co LLPwdueck@wldtax.com604.242.1401 FATCA and Non-U.S. Filers, the odds of the IRS finding you are increasing March 27, 2014 (Vancouver and Calgary) Tax announcements don’t usually get the same attention as the Olympics, politics or other stories that commonly hit the front page of newspapers. But if you […]
Foreign Account Tax Compliance Act (FATCA) Seminars for US Persons in Canada
March 24, 2014Are you a U.S. person who has not filed a U.S. tax return? The recently signed Foreign Account Tax Compliance Act (FATCA) agreement between Canada and the U.S. will require Canadian financial institutions to report accounts held by U.S. persons to the US Internal Revenue Service. U.S. persons identified by the IRS who have not […]
Washington Business and Occupation Tax
March 18, 2014Many Canadian businesses are unaware of the Washington Business and Occupation (“B&O”) Tax when they do business with customers in the State of Washington. The B&O tax is a gross receipts tax levied by various levels of government in Washington. It is calculated based on the gross proceeds of sales, gross revenue of the business, […]
Revised CRA Form T1135 – CRA Provides Filing Deadline Extension for 2013 Filers
March 11, 2014For the 2013 tax year the Canada Revenue Agency released a revised Form T1135 to report specified foreign property where the cost amount exceeded Cdn$100,000 at any time in the year. This revised form requires detailed reporting of each foreign property as opposed to the simplistic and aggregated reporting information historically provided. We previously highlighted […]