The government may have shut down, but Americans still have to file taxes.
CRA has expanded the T1135 Foreign Income Verification Form, and the new version applies to tax years starting after June 30, 2013.
They want tax and estate help.
In 2013, it was generally more tax-efficient to earn business income as non-eligible corporate dividends everywhere but Quebec and P.E.I. After the proposed changes, however, it will be more tax-efficient to earn business income as regular income in six out of 10 Canadian provinces.
The CRA has announced its prescribed annual interest rates for Q4.
Business owners face unique financial and tax challenges.
H. Ty Warner, the creator of Beanie Babies toys, has been charged with federal tax evasion for allegedly failing to report income he earned in a secret offshore financial account, says the U.S. Department of Justice.
Ohio resident Bridgette Jones will go to jail for five years and a month after filing false tax returns worth more than $650,000, reports Cincinnati.com.
There’s one thing the U.S. might’ve overlooked when it introduced the Foreign Account Tax Compliance Act (FATCA) — that global banks may not want to deal with it. As a result of the new tax law, which requires businesses to report all assets held by Americans, banks worldwide are turning away their American customers, reports […]
How to prepare terminal returns