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How to Set Up an Office in the USA

Many ambitious firms reach a point at which setting up operations in another country makes sense. A local presence can help you secure new clients and can offer opportunities not otherwise available to a non-local business. But wherever you are thinking of expanding, establishing
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How the IRS Knows Your Travel Dates

How Does The IRS Know Your Travel Dates? You’re probably thinking the NSA right? Well, you’d be surprised to know that while Snowden and his clan at the are NSA busy tracking your phone calls, the IRS is not relying on the NSA to supply it with your travel
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Are Golf Lessons Tax Deductible?

Wouldn’t it be nice if you can get a tax deduction for taking golf lessons to improve your golf game? You’ll be glad to know that you don’t need to be Tiger Woods and playing on the PGA tour to claim a tax deduction for your golf lessons. In fact, even your weekend duffer can,
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US Estate Tax When Spouse Is Not A US Citizen

Are you a US taxpayer married to a non US citizen spouse? If yes, then you’ll want to be aware of the US estate tax rules that can result in a sizable tax bill absent the right cross border estate planning. Recently, we started working with an American client, let’s call
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Don’t Risk a Do It Yourself Will

We all hear those commercials on the radio about doing your own will online. These commercials make writing your own will seem like an easy way to get your affairs in order. But it’s not as simple as it seems and there’s no substitute for proper advice from a
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Can You Depreciate Land?

How can you claim depreciation expense on land? As most people know, you cant claim depreciation expense on the value of land used for business or investment purposes. Why? Because unlike a building, for example, the IRS considers land to have an unlimited life. But, as we
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US Tax on Alimony Received From a Canadian

While most people know that alimony is normally taxable income to the recipient and tax deductible by the payer, in the case of cross border taxes, alimony can be received tax free while the payer still gets a tax deduction. Let’s look at an example where this would apply. Eliza
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How A Canadian Resident Reports a K-1 in the USA

We recently received a call from a client in Canada who invested in a California LLC and was issued a K-1 from the LLC. Our client is a Canadian resident and citizen only, is not a green card holder or in any way qualifies as a US taxpayer. Never having seen a K-1 before, our
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Don’t MAIL That FBAR: New Mandatory FBAR E-Filing

Electronic FBAR filing has become mandatory, including for late filings and corrected FBARs, effective July 1, 2013. Under the new rules, a penalty may be imposed for filing your FBAR on paper and not complying with the e-filing requirement. Paradoxically, even though FBAR
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US tax compliance when doing business in Canada

In today’s day and age, investing or operating internationally is a lot easier than it’s ever been. As such, many individuals and businesses have started investing and doing business in foreign countries to take advantage of new markets. At Gedeon Law & CPA, we
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