If so, you may want to read this… For Canadians investing in U.S. real property or simply doing business in the United States, one of the commonly suggested business entities is an LLC. Forming an LLC is simple. What is…
A free tax consultation might sound like a money-saving idea, but is it truly worth it? There may be conflicting opinions on this subject, but we don’t think so. We are in the midst of the tax season, and the…
If you are a Canadian individual or corporation who owns a single-member LLC in the United States, it is essential to be aware of potential tax implications and filing requirements. While LLCs are often recommended for Canadians investing in U.S.…
The U.S. tax season is in full swing and knowing how to file U.S. taxes from Canada may be crucial to you. If you are a U.S. expat living in Canada or a Canadian businessman with U.S. source income, you…
It’s 2023 and more and more people are embracing the power of scaling up their business in the digital realm. In fact, “in 2022, retail e-commerce in Canada generated almost 58 billion U.S. dollars in revenues. According to estimates, this…
Due to its geographic location and continuous partnership with U.S. business relations, Canada has increasingly been the top destination for American expats; currently, there are close to 1.1 million Americans living in Canada. Over the years, many clients have chosen…
The 2023 tax season is under way. The IRS just started accepting individual U.S. tax returns. A mere mention of the word “tax” is enough to make Canadians with dual tax filing commitments in Canada and America balk. U.S. tax…
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…