Search Results for: Top 5 Tax issues
...be claimed as foreign tax credit on the U.S. federal income tax return to reduce or eliminate U.S. federal income tax on the income so…
...challenges. Job description Reporting to the Partners of the firm, the Tax Manager is responsible for compliance and planning tax mandates including but not limited…
...have Canadian tax advantages. Tax-Free Scholarship Income Students from Canada attending U.S. schools generally remain Canadian income tax residents and are taxable in Canada on…
...the single document being signed into law next week. Mary Duffy at Andersen provides some detail at the link below: https://www.andersentax.com/pressroom/republicans-reach-deal-on-tax-plan-final-votes-expected-next-week Some quick highlights of…
...2024 are as follows: Rate Federal and provincial tax rate Small-business tax rate 2.50% 11.50% Manufacturing and processing tax rate 14.00% 29.00% General corporate tax…
...Representation Limited representation authorizes a tax professional to represent you only if they prepared and signed your U.S. tax return. Unlimited Representation Unlimited representation allows…
On March 13th, the Internal Revenue Service provided further guidance on how U.S. taxpayers should report activity subject to the U.S. Transition Tax on their…
...influence the Newfoundland and Labrador tax environment in the coming years. Personal Income Tax Measures There are no proposed changes to personal income tax rates…
...significant tax implications for Canada including: Canadian corporate tax income rates would become more attractive. Currently, combined U.S. federal and state tax rates are about…
...post Top 5 Tax Issues for Canadians doing Business in the U.S. There will be opportunities to ask questions at the end of the briefing. When:…
...customer. Unlike state and local income taxes calculated on a net profit or net income, B&O tax is not eligible to be claimed as a…
...US income tax return, the maximum exclusion is US$500,000. Any capital gain exceeding the excluded amount is taxed in the U.S. in the year realized.…
...address the U.S. tax issues and filing requirements can, at a minimum, delay the distribution of assets to beneficiaries but more seriously result in unexpected…
...Tax Departure Tax Planning Canadian Tax on non-residents https://youtu.be/hK5Coj6Yqy0?si=BhgkZEGAJ2rZrDEs This webinar highlights relevant tax issues that can arise from navigating the intricacies of Canadian departure…
...the normal due date of their tax return receive an automatic two-month extension of time to file their U.S. federal income tax return and pay…
...extensively with individuals who are delinquent in their U.S. tax filings and identifying strategies to comply with U.S. tax law in order to avoid or…
...Corporate Income Tax Personal Income Tax Sales tax Withholding tax. Not knowing how the tax laws apply to your business operations in Canada can end…
...for tax services Organize and execute client engagements through the research of technical issues and producing a work product that reaches reasonable conclusions or recommendations…
...US source investment income and gross proceeds from the sales of US securities. The withheld tax may not be creditable in the taxpayer’s home country…
Prepared by Andersen in Canada, Montreal Partner Patrick Coutu, Tax Director Danny Guérin and Tax Manager Omar Yassine. The tax community has been asking the…