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U.S. Federal and State Tax Filing Deadlines Under COVID-19
On 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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Final Regulations Partially Mitigate Overbroad Controlled Foreign Corporation Attribution Rules Passed as Part of 2017 U.S. Tax Reform
January 28, 2020Despite new final tax regulations, U.S. taxpayers continue to deal with unexpected tax consequences of the overbroad rule change to the Controlled Foreign Corporation regime.
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