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Cross Border Taxes

U.S. Tax on Canada/Australia Rental Property

Dec 14 2014
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It’s no surprise many Canadians and Australians moving to the US choose to rent out, rather than sell, their properties back home. With a strong rental market and housing price valuations in cities like Toronto, Vancouver, Sydney and Melbourne, the return on investment from
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Am I a US tax resident?

Dec 14 2014
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Most Canadians and Australians who move to the US easily know their immigration residency status. What they do struggle with, however, is their residency status for US income tax purposes. While its common knowledge that US citizens and green card holders are responsible for
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Can Foreign Spouse Claim U.S. Social Security?

Dec 01 2014
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We were recently engaged by an American client who wanted to know if her Canadian spouse can claim her U.S. Social Security spousal and survivor benefits. Our client, Joni, is a retired American musician eligible for Social Security benefits.  Joni recently married Mitchell, a
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IRS Announces Changes to RRSP Reporting

Oct 08 2014
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It’s not often the IRS reduces the information taxpayers need to report with their tax return. Luckily for Canadians, however, the IRS did just that yesterday when it announced Canadians no longer need to report their RRSP and RRIF accounts on Form 8891. Before getting too
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IRS Helps Canadians With Unreported FBAR Accounts

Jul 01 2014
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With today being Canada Day, there are many reasons for Canadians to be happy. Whether your’re relaxing with a cold Molson at the cottage or following the NHL Free Agent Frenzy to see how good(or bad in the Maple Leafs case) your team did in the free agent market, Canada Day is a
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CRA and IRS To Share Cross-Border Travel Dates

Nov 30 2013
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In a previous article we published, we explained how the IRS tracks the travel dates of Canadians entering and exiting the US for purposes of US taxation. For Canadians who have not been diligently tracking their time in the US, due to a new Canada-US program taking effect in
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CRA Revises Form T1135

Oct 28 2013
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As part of its efforts to address tax noncompliance involving foreign property, CRA recently introduced a revised Form T1135, Foreign Income Verification Statement, which is applicable for taxation years ending after June 30, 2013.Beginning with the 2013 taxation year, Form T1135
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Should You Rollover Your 401K or IRA to a RRSP?

Oct 26 2013
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We recently had a client contact us about rolling over her tax deferred US retirement accounts to a Canadian RRSP. With many Canadians deciding to leave the US in favor of returning to live permanently in Canada, the question of what to do with a 401K and IRA comes up frequently.
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How to Set Up an Office in the USA

Jul 30 2013
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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

Jul 28 2013
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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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