[Part 2] — Cross-Border Tax Compliance Primer — Canadian Businesses with U.S. Business Activities

Part IPart IIIOn Feb­ru­ary 23, 2021, at 12:00 pm (East­ern Time), join us for a webi­nar with Alex­ey Man­a­suev, LL.M. (Int’l Tax), NYU, TEP, Prin­ci­pal of U.S. Tax IQ, who will dis­cuss key aspects of U.S. tax and cross-bor­der tax com­pli­ance for busi­ness­es. This is Part 2 of a Three-Webi­nar Series that U.S. Tax IQ is offer­ing to our clients and webi­nar reg­is­trants so that they can best pre­pare for the 2021 tax sea­son. For both busi­ness­es and indi­vid­u­als, com­pli­ance with an increas­ing num­ber of tax rules and more rig­or­ous enforce­ment by tax author­i­ties con­tin­ues to be a sig­nif­i­cant chal­lenge. It is impor­tant to under­stand the applic­a­ble rules and require­ments, as well as how to proac­tive­ly ensure that you remain com­pli­ant with the cross-bor­der tax fil­ing and report­ing require­ments, espe­cial­ly because of sig­nif­i­cant penal­ties for non-com­pli­ance or late fil­ings.

Topics Covered in This Webinar

Doing busi­ness in the Unit­ed States usu­al­ly means access to a big­ger mar­ket and high­er rev­enues. But it also makes the man­age­ment of over­all busi­ness and the U.S. seg­ment much more com­pli­cat­ed. Tax­es make it even more com­plex. The U.S. tax law is very com­plex and is ever evolv­ing. We are yet to see how the new Biden Admin­is­tra­tion and U.S. Con­gress would change the exist­ing tax frame­work, but high­er tax­es are like­ly expect­ed. 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 fil­ing and report­ing frame­work. Hav­ing a good under­stand­ing of applic­a­ble tax fil­ing dead­lines and asso­ci­at­ed U.S. tax fil­ing and report­ing require­ments, based on var­i­ous trans­ac­tions, may be a dif­fer­ence between stay­ing ful­ly com­pli­ant and being sub­ject to hefty penal­ties. In this webi­nar, we would attempt to pro­vide a primer on U.S. inter­na­tion­al tax com­pli­ance for for­eign busi­ness­es.

Here’s just a sample of what we’ll cover during this webinar:

• Overview of U.S. tax­a­tion frame­work of Cana­di­an busi­ness­es;
• Key U.S. inter­na­tion­al tax com­pli­ance require­ments and forms for Cana­di­an busi­ness­es with U.S. busi­ness activ­i­ties;
• Traps for the unwary, com­mon­ly missed forms, and typ­i­cal fil­ing errors and issues, includ­ing the “pow­er” of “pro­tec­tive” fil­ings;
• The process of obtain­ing Employ­er Iden­ti­fi­ca­tion Num­ber (EIN) for Cana­di­an busi­ness­es and their U.S. affil­i­ates;
• Com­mon penal­ties for non­com­pli­ance;
• Prac­ti­cal tips and con­sid­er­a­tions;
• … and more;

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 tax impli­ca­tions.

To learn more, please reg­is­ter and gain the knowl­edge you need to help your clients pre­pare for their 2020 tax fil­ings 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!Purchase

Very tru­ly yours,
U.S. Tax IQ team