Search blogs

Trump’s Tax Plans

Donald Trump’s surprise election win has people wondering about his tax plans. Many things said on the campaign trail never result in any change.  To achieve any of his tax plans, Trump will need the cooperation of Congress, including those he likely alienated, if not excoriated during the campaign.

Read more

Update on IRS Tax Amnesty Programs

February 5 2016

For the last eight years, the Internal Revenue Service has offered a number of tax amnesty programs to allow taxpayers to come forward and declare unreported non-US source income and assets.  Using these programs reduces penalties and can prevent criminal prosecution. 

Amnesty Programs, Streamlined Filing Procedure, US Citizens Resident In Canada

Form 8621 PFIC Reporting: Webinar with Steven Flynn

December 17 2015

On Thursday, January 7, 2016, join Steven Flynn and a panel of cross-border tax specialists for a live webinar designed for tax advisers who deal with passive foreign investment company (PFIC) reporting.

PFIC (Passive Foreign Invesment Company)

Year End Planning – US Citizens Who Own Canadian Mutual Funds

November 10 2015

US citizens living in Canada face adverse US income tax consequences where they own Canadian or other non-US mutual funds.  If you are not sure how the US’s “Passive Foreign Investment Company” rules apply here, please see our previous blog entry US Persons Holding Non-US Mutual Funds.

PFIC (Passive Foreign Invesment Company), US Citizens Resident In Canada