American Expats: File Your FBARs By October 15 (Updated for 2020)
FinCEN Clarifies FBAR Extensions ( Learn More )
COVID-19 Letter to Our Clients
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.
Claim your penalties back this tax season! TFSA and RESP accounts may no longer require Form 3520/3520-A reporting …
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…
Danilov & Partners announces collaboration with U.S. Tax IQ
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…
Is Your ITIN Expiring? Here’s Why You Should Renew It Today!
Attention taxpayers, here’s why you should renew your expiring ITIN prior to filing tax returns in 2020. Individual Taxpayer Identification Number (ITIN) The ITIN is a U.S. tax processing number used to file a U.S. tax return with the IRS,…
Tax planning essential for Canadian owners of U.S. property
Author(s): AdvocateDaily.com staff The following article first appeared in AdvocateDaily.com, July 2019.
Are You Fully Compliant? 5 Great Reasons to Go to a U.S. Tax Advisor!
You work hard for your money. Naturally, you want to keep as much of it as possible when you file your taxes. If you’re an individual filing a simple U.S. tax return, you can likely file your own taxes without…
Tax compliance crucial for online businesses selling into U.S.
Author(s): AdvocateDaily.com staff The following article first appeared in AdvocateDaily.com, May 30, 2019.
Preparation for an IRS audit starts at tax filing time
Author(s): AdvocateDaily.com staff The following article first appeared in AdvocateDaily.com, May, 2019.
Qualified tax adviser a key partner for U.S. taxpayers in Canada
Author(s): AdvocateDaily.com staff The following article first appeared in AdvocateDaily.com, March, 2019.
