Clients fretting over FATCA? Not to worry: The IRS has put together an idiot-proof YouTube video series that walks viewers through the quirks of the agency’s byzantine forms.
Ultra high-net worth clients could face increased IRS scrutiny.
Don’t assume all Canadian mutual funds fall into the PFIC trap
Happy Friday, everyone.
There's a record number of Americans in Canada, and many are considering cutting their U.S. ties. Here's how to help these clients plan tax-efficiently.
When the IRS discovers someone’s non-compliant, it sends a notice.
Two disclosure programs will reduce penalties
RBC GAM's now offering PFIC Annual Information Statements for 2014.
Unlike Canada, the U.S. imposes an estate tax on worldwide estates worth more than $5.34 million (2014).
Budget cuts mean the Internal Revenue Service doesn’t have enough money to run properly, Commissioner John Koskinen admits.