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The IRS issues long-awaited good news for US persons regarding reporting and filing requirements for Canadian tax-favored foreign trusts

ALERT: IRS Revenue Procedure 2020-17, issued March 2, 2020, provides guidance and relief for eligible US persons regarding tax-favoured (Canadian) foreign trusts including RESPs and RDSPs.
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Extending the U.S. Tax Filing Deadline

April 8, 2013

Mention the date April 15th to a U.S. person and their first thought probably turns to taxes. Individuals who are required to file a US income tax return are generally required to file their return on or before April 15th provided that the date falls on a weekday. In years when the 15th falls on […]

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