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IRS Regulations Clarify 250A Deduction for Individual Owners of Non-U.S. Corporations Subject to GILTI
Last fall, we wrote about the U.S.’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on U.S. persons that own non-U.S. corporations. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. and Canadian tax rates approaching 85% could occur as early […]
Global Intangible Low-Taxed Income (“GILTI”)
October 9, 2018The December 2017 U.S. tax reform included a provision to subject to U.S. tax the earnings of intellectual property owned by U.S. investors outside the U.S. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. and Canadian tax rates approaching 85% could occur as […]
Job Posting – Tax Specialist – U.S. and Cross-border Tax
October 1, 2018Andersen is a firm of chartered accountants that, among other things, specializes in U.S. and cross-border tax matters. Our clients include U.S. citizens resident in Canada and Canadian individuals and businesses investing in the U.S. Our firm provides consulting and tax return preparation services to clients principally in western Canada and the U.S. Our firm […]
Senior Tax Manager
September 10, 2018Andersen in Canada has a job opening for a Senior Tax Manager. The successful candidate will be familiar with U.S. and cross-border tax matters working principally with Canadian business and investment in the U.S. and U.S. citizens resident in Canada. Responsibilities Provide timely and high-quality services and work products that exceed client expectations, including: preparation […]