Filing requirements for US person in Canada still onerous
It is sure a good thing that we have done away with the ancient custom of shooting the messenger who bears bad news. I would likely look like Swiss cheese from all the bullet holes.
On August 31, the Internal Revenue Service of the United States (the IRS) [...]
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IRS announcement provides limited comfort
By David Christianson, BA, CFP, R.F.P., TEPTags: IRS, Tax filing
Categories: Cross Border Issues, US Citizens
The IRS finally speaks
By David Christianson, BA, CFP, R.F.P., TEPLate filing guidelines for US citizens in Canada clarified
The Internal Revenue Service (IRS) in the US has finally announced some clear guidelines for US citizens who live in Canada and are late on their tax filing requirements. These new guidelines are proposed to take effect September 1, 2012.
Good news for US citizens living in Canada [...]
Tags: FBAR, Income tax returns, IRS, US Citizens
Categories: Market Commentary, US Citizens
IRS standing firm on taxing Americans in Canada
By David Christianson, BA, CFP, R.F.P., TEPThis article is for all US citizens living in Canada, especially those who are trying to bury their heads in the sand about filing their required US tax returns, and may be of special interest to conspiracy theorists.
Recall that the American tax system taxes on citizenship, not on residency, like the rest of the developed [...]
Tags: Closer Connection, FATCA, FBAR, IRS
Categories: Snow Birds, US Citizens
Snowbirds – time to talk to Uncle Sam
By David Christianson, BA, CFP, R.F.P., TEPThis column is of special interest to snowbirds, but also to Americans who have moved to Canada. There is a positive change to Canada Revenue policy on transfers of 401k or IRA plans to Canada.
First, though, let’s remind snowbirds about their obligation to the US government, and the IRS.Â
All Canadians who visit the US do [...]
Tags: Closer Connection, Foreign tax credit, IRS, Snowbirds
Categories: Snow Birds
IRS voluntary disclosure deadline looms for US citizens in Canada
By David Christianson, BA, CFP, R.F.P., TEPThere has been an amazing amount of publicity and hype in the last few weeks about the US Internal Revenue Service (IRS) and the August 31 deadline for US taxpayers – including those living in Canada – to participate in the latest IRS voluntary disclosure program.
Let’s try to sort through all the noise and lay [...]
Tags: FBAR, IRS, US Citizens
Categories: Tax - current issues, US Citizens
IRS 2011 Offshore Voluntary Disclosure Initiative Deadline Extended
By David Christianson, BA, CFP, R.F.P., TEPThis IRS disclosure initiative – OVDI for short – is designed to allow Americans who have foreign bank and investment accounts – which they have been keeping secret from the IRS – to avoid criminal prosecution and enormous fines and penalties, by voluntarily disclosing ALL of their foreign holdings, and the maximum annual balance in [...]
Tags: FBAR, IRS, US Tax
Categories: Tax - current issues, US Citizens
Snowbird US tax filing deadline looming
By David Christianson, BA, CFP, R.F.P., TEPSnowbirds, it’s that time again!
The IRS (the American Internal Revenue Service) is lonely and wants to hear from you, by the June 15 filing deadline.Â
If you spent 31 days or more in the US in 2010, then the IRS filing requirements MAY apply to you, depending on how much time you spent there in 2008 [...]
Tags: IRS, Snowbirds, Taxpayers
Categories: Snow Birds














