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2020 Democratic Presidential Candidates’ Tax Plans
The Super Tuesday primary results quickly provided clarity to the Democratic nomination contest by further winnowing the field of candidates down to only Joe Biden and Bernie Sanders. One area where the Democratic candidates agree is that taxes should be increased on wealthy individuals and corporations. However, there are material differences between the proposals put […]
U.S. Federal and State Tax Filing Deadlines Under COVID-19
March 23, 2020On March 20, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the date for both filing and payment of certain U.S. federal income taxes has been deferred from April 15th to July 15th in response to COVID-19. This deferral applies to individuals and business taxpayers of U.S. federal income tax.
The IRS issues long-awaited good news for US persons regarding reporting and filing requirements for Canadian tax-favored foreign trusts
March 4, 2020ALERT: IRS Revenue Procedure 2020-17, issued March 2, 2020, provides guidance and relief for eligible US persons regarding tax-favoured (Canadian) foreign trusts including RESPs and RDSPs.
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IRS Assistance With Estate Taxes For International Filers
March 2, 2020Failure to properly address U.S. tax issues and filing requirements when dealing with U.S. estate tax can have serious consequences. Understanding your obligations is key.
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