U.S. Tax Primer for Canadian Businesses with U.S. Tax Issues

On March 24, 2020 at 12:00pm (East­ern Time), join us for a free webi­nar with U.S. tax attor­ney Alex­ey Man­a­suev, LL.M. (Int’l Tax), NYU, TEP, and a  U.S. tax accoun­tant Ranko Prin­cip, LL.M. (Tax), CPA (MD) who will pro­vide a com­pre­hen­sive review of U.S. tax fil­ing and report­ing con­sid­er­a­tions for Cana­di­an busi­ness­es with a U.S. con­nec­tion: U.S. source income, employ­ees work­ing on both sides of the bor­der, U.S. busi­ness activ­i­ties, or U.S. real prop­er­ty. We will also dis­cuss key U.S. tax and cross-bor­der impli­ca­tions for Cana­di­an busi­ness­es expand­ing into the U.S. mar­ket and already oper­at­ing in the Unit­ed States.   Who Will Ben­e­fit From Attend­ing This Webi­nar? This webi­nar is intend­ed for busi­ness own­ers, busi­ness­es, their trust­ed advi­sors and tax pro­fes­sion­als. The con­tent is espe­cial­ly rel­e­vant to U.S. tax and Cana­di­an tax advi­sors who are assist­ing their clients in address­ing U.S. tax and cross-bor­der impli­ca­tions.   Top­ics Cov­ered in This Webi­nar. Doing busi­ness in the Unit­ed States usu­al­ly means more sales and rev­enues. But it also makes the man­age­ment of over­all busi­ness and the U.S. seg­ment much more chal­leng­ing. Tax­es make it even more com­plex. The U.S. tax law is very com­plex and is ever evolv­ing. There are many traps for the unwary and the IRS impos­es sig­nif­i­cant penal­ties on busi­ness­es that fail to com­ply with the applic­a­ble U.S. tax frame­work. Key deci­sions relat­ed to how the busi­ness in the Unit­ed States can be struc­tured in a tax-effi­cient man­ner, how to con­duct the busi­ness to stay com­pli­ant, what plan­ning oppor­tu­ni­ties exist in man­ag­ing poten­tial U.S. tax expo­sure, and what U.S. tax impli­ca­tions apply on exit strat­e­gy.   Here’s just a sam­ple of what we’ll cov­er dur­ing this webi­nar: 

• Overview of com­mon myths and mis­con­cep­tions about U.S. tax­a­tion of for­eign busi­ness­es;
• Overview of U.S. tax­a­tion of for­eign cor­po­ra­tions, includ­ing a high lev­el sum­ma­ry of applic­a­ble For­eign Invest­ment in Real Prop­er­ty Tax Act (FIRPTA) frame­work;;
• Canada‑U.S. income tax treaty con­sid­er­a­tions;
• U.S. state income and sales tax con­sid­er­a­tions;
• Sam­ple sce­nar­ios that may sub­ject Cana­di­an busi­ness­es to U.S. tax and result in U.S. tax fil­ing and report­ing oblig­a­tions;
• Impor­tant IRS Forms and dead­lines for the 2019 tax year, includ­ing recent IRS relief for busi­ness­es in fil­ing their tax returns and mak­ing tax pay­ments;
• Overview of key IRS penal­ties applic­a­ble to Cana­di­an busi­ness­es and busi­ness own­ers;
• Penal­ty pro­tec­tion and how to use it effec­tive­ly;
• Tax com­pli­ance tips and prac­ti­cal con­sid­er­a­tions;
• … and more!

  To learn more, please reg­is­ter and gain the knowl­edge you need to help your clients pre­pare for their 2020 tax sea­son and effec­tive­ly man­age their poten­tial U.S. tax expo­sure. Plus, you can earn up to 1 CPD cred­it (rel­e­vant to Cana­di­an CPAs).  We hope you join us![templatera id=“34208”]