U.S. Tax Primer for Canadian Individuals with U.S. Tax Filing Requirements
On February 25, 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 individuals with a U.S. connection: U.S. source income, investments, or U.S. real property.
Who Will Benefit From Attending This Webinar?
This webinar is intended for individuals, 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.
Figuring out one’s U.S. tax filing and reporting obligations is not an easy task for many people. At times, due to the complexity of U.S. international tax and cross-border tax rules, it is also challenging for tax practitioners. The non-compliance can be costly – the U.S. imposes severe monetary and, sometimes, criminal penalties for individuals who are not complying with application U.S. tax laws. The tax laws constantly change and evolve and are not easy to interpret. The number of IRS Forms and tax returns that may be required to be filed with the IRS by Canadians is staggering.
Here’s just a sample of what we’ll cover during this webinar:
- Overview of common myths and misconceptions about U.S. taxation of nonresident alien individuals;
- Categories of Canadians subject to U.S. tax;
- Sample scenarios that may require Canadian individuals file a U.S. tax return;
- Tax residency for U.S. federal income tax and estate and gift tax purposes;
- Important IRS Forms and deadlines for the 2019 tax year;
- Overview of IRS penalties;
- 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!