Trusts are key to avoiding a costly trap
Reporting requirements kick in July 1
If your clients haven’t been paying their American taxes, they have another opportunity to confess to IRS.
Rob’s dutifully filed tax returns in Canada and the U.S. But a recent conversation with a friend revealed he’s one of many Americans living in Canada who hasn’t been getting them right due to poor financial advice.
IRS amnesty program to be reviewed.
Prominent Canadian tax experts argue Canada's FATCA implementing legislation could raise the ire of our neighbours to the south.
The American government will lose nearly $3 billion in tax revenue as budget cuts force the IRS to scale back audits, reports Reuters.
U.S. property taxes are rising at fastest rate since recession.
IRS has reportedly turned to social media in an effort to nail tax cheats, reports Marketplace.
If your U.S. clients are dazed and confused by the American tax code, they can probably relate to a letter former U.S. secretary of defense Donald Rumsfeld sends the IRS every year.