Key Takeaways NOTE: This article was originally published in January 2025 and has been updated for relevance to the 2025 U.S. tax year, with deadlines in 2026. U.S. citizens and Green card holders living in Canada must report worldwide…
Key Takeaways U.S. Citizens Pay Taxes on Worldwide IncomeEven if you’re living full-time in Canada, the U.S. requires citizens and green card holders to file a U.S. tax return yearly on their global income. Relying only on Canadian filings often…
The U.S. Department of Treasury suspends the enforcement of the Corporate Transparency Act .. The U.S. Department of Treasury suspends the enforcement of the Corporate Transparency Act against U.S. citizens and domestic reporting companies. This is a great step…
Key Takeaways The Gold Card is a proposed U.S. residency program requiring a $5 million investmentAnnounced by the Trump Administration in February 2025, the Gold Card aims to attract high-net-worth investors by offering a fast-track to U.S. permanent residency —…
Key Takeaways Not all U.S. tax preparers are qualified for cross-border tax mattersU.S. tax filing obligations for expats and cross-border taxpayers are complex and require specialized expertise. It’s critical to verify a preparer’s qualifications, U.S. tax background, certifications (such as…