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Cross Border Taxes

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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US Tax on Alimony Received From a Canadian

Jul 09 2013
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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

Jul 07 2013
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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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Canadian Banks Disclosing U.S. Depositors to IRS

Jun 28 2013
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If you are a US taxpayer and a client of a Canadian financial institution and have not been filing FBAR or other foreign disclosures required by the IRS, then you need to read this article. Why? Because Canadian banks will now be required to report your account to the IRS under
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How Canadian Residents Receiving US Social Security Are Taxed

Jun 12 2013
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What if you are a Canadian resident who receives US Social Security benefits? We recently published an article about US residents who receive CPP/OAS Canadian pension benefits. What about the opposite? Let’s take the case of our reverse snowbird Emily, a Canadian citizen
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Moving to the US? Don’t Use Your Parent’s Mailing Address

Apr 19 2013
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Does this fact pattern sound familiar? Gordie is a Canadian who leaves Canada and takes up residence in the United States. Like many Canadians, Gordie decides to leave his investments behind in Canada and changes the address with his financial institutions to his parents’
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How Canadians Save Taxes While Working in the U.S.

Mar 01 2013
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At Gedeon Law & CPA, we regularly work with clients from Canada who come to work in the U.S. on a temporary basis. By temporary, we mean a work assignment generally lasting 2 years or less. A case in point, we recently started working with a journalist from a major Canadian
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