May 17 IRS Filing Deadline Extension Applies to Tax Returns and Important International Information Returns and Other Forms On March 17, the Internal Revenue Service (the “IRS”) extended the tax filing deadline for individuals (see IR-2021-59, March 17, 2021). For…
IR-2021-59: Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline IR-2021-59, March 17, 2021 WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date…
New IRS ‘Submit Forms 2848 and 8821 Online’ offers contact-free signature options for tax pros and clients sending authorization forms IR-2021-20, Jan. 25, 2021 WASHINGTON – The Internal Revenue Service today rolled out a new online option that will…
1. Do you have tax filing obligations with the IRS for the 2020 tax year? As an American expat, cross-border tax matters are often complex and typically require the services of a qualified U.S. tax return preparer. It’s important to…
FinCEN Clarifies FBAR Extensions ( Learn More )
It’s 2020 and more and more people are embracing the power of scaling up their business in the digital realm. In fact, as of 2018, e-commerce retail transaction sales in Canada were valued at C $1.6 billion (C $1.85 billion…
Author(s): Thomson Reuters/Tax & Accounting The contents of this client letter are based on the Client Letter provided by Thompson Reuters | Checkpoint research database.
Yesterday, March 2, the IRS has provided a long-awaited relief from reporting on Form 3520-A and 3520 and associated penalties to dual U.S./Canadian citizens and Green card holders with certain “tax-favored foreign” arrangements. Rev. Proc. 2020-17 discusses eligible U.S. citizens…
The U.S. tax season is in full swing and knowing how to file U.S. taxes from Canada is crucial. If you are a U.S. expat living in Canada or a Canadian businessman with U.S. source income, you will most likely…
Danilov & Partners is pleased to announce the collaboration with U.S. Tax IQ in the area of U.S. tax and cross-border tax planning and consulting. U.S. Tax IQ is a tax boutique firm specializing in U.S. and international tax focusing…