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Interview with Simon Davari
2014-2015 Major interviews with CPAs As part of the series of major interviews with CPAs, Pénélope McQuade met with three exceptional CPAs who discussed their remarkable career paths, resulting in lively and surprising discussions. Meet the pros.
Internal Revenue Service Amnesty Programs
November 17, 2015In 2014, the IRS announced changes to its programs to help delinquent taxpayers file U.S. tax returns. We blogged about the changes to the Streamlined Foreign Offshore Procedures and Streamlined Domestic Offshore Procedures before; you can click to read our blog Internal Revenue Service Announces Changes to Streamlined Programs. The IRS has also created a […]
Year End Planning – U.S. Citizens Who Own Canadian Mutual Funds
November 10, 2015U.S. citizens living in Canada face adverse US income tax consequences where they own Canadian or other non-U.S. mutual funds. If you are not sure how the US’s “Passive Foreign Investment Company” rules apply here, please see our previous blog entry US Persons Holding Non-U.S. Mutual Funds. If you are familiar with this issue, then […]
U.S. State and Local Tax Consideration for Canadian Businesses
September 1, 2015Often Canadian businesses are surprised to learn about the reach of U.S. state taxing jurisdictions to assert tax on out-of-state taxpayers. Since none of the 50 states were signatories to the Canada-U.S. Income Tax Convention (the “Treaty”), they are not limited by the Treaty to taxing business activities in the U.S. It is not uncommon […]
