Renouncing Your U.S. Citizenship? – Count ALL Your Assets
Renouncing U.S. citizenship raises the issue of whether U.S. exit tax applies and what the calculation includes.
Qualified Charitable Distributions - Tax Savings for Canadian ResidentsNovember 18 2019
Canadian residents that hold certain U.S. retirement plans may have an unusual tax savings opportunity when making charitable contributions.Canadian Tax Law, US Tax Law
Moving in a Canoe is Still Moving, But Is It Deductible?November 15 2019
Canada Revenue Agency (“CRA”) agrees to cover moving expenses of a man who relocated for work in a canoe.Canada Revenue Agency
900,000 Canadian Bank Records Were Recently Sent to the IRS – What you Need to KnowNovember 15 2019
Sharp increase in records sent to the IRS under the Canada-U.S. information sharing deal.IRS (Internal Revenue Service), Personal US Tax Return Issues, US Reporting