Our firm offers a wide range of services to our clients. Being a small firm, we are able to offer our clients personalized quality service. Below, we have listed the services that we offer to our clients along with a brief description. As the list below is by no means all-inclusive, please feel free to inquire about a service if you do not see it listed.
Being a US citizen (or green card holder) residing in Canada complicates your yearly tax compliance. We have the expertise to assist you with the preparation of your US income tax returns, as well as keep you onside with the labyrinth of US compliance associated with interests in non-US financial accounts, non-US corporations, non-US partnerships and non-US trusts.
We can utilize a Canadian return prepared by you or your Canadian accountant to prepare only the US side or we can prepare both countries' returns/forms.
We are able to help you plan your tax affairs efficiently so that you do not pay more worldwide tax than necessary, ensuring you take full advantage of foreign tax credits, income exclusions and the provisions of the US/Canada tax treaty.
There are many US citizens living outside of the US. Some were born in the US but have lived many years in another country, while others may have been born in another country but to US citizen parent(s). While many of these individuals have been filing and paying their taxes in the country in which they live, they may have been unaware of their continued requirement (or of any requirement at all) to file US tax returns and information forms.
Voluntary disclosure is the way these individuals can get back into compliance before they are "found" by the IRS.
FACTA (Foreign Account Compliance Tax Act) took effect July 1, 2014. One of the effects of this piece of legislation is that foreign financial institutions may be forced to report the names of their US citizen account holders to the IRS. This may begin a chain of events where a non-compliant US taxpayer finds they are unable to avail themselves of the various voluntary disclosure programs leaving them subject to horrendous penalties.
Non-compliant US taxpayers should give very serious consideration to getting back into the US tax system as soon as possible.
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.