2011 is a good year for those who intend to voluntarily disclose offshore holdings Anyone that has undisclosed offshore income and assets wishing to come forward and make things right (Read more…)
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12
Aug
2011
Voluntary Disclosure of Offshore Holdings
10
Aug
2011
IRS Voluntary Disclosure and Amnesty Program
Offshore Reporting Requirments If you are a US citizen or green card holder living outside the United States you are still required to file US 1040 tax returns and other (Read more…)
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09
Aug
2011
How to buy US Property
Cross Border Tax Issues: Canadians Buying US Real Estate You’ve been looking at all those great values in US real estate and the premium value of the Canadian dollar. You’ve (Read more…)
Read moreCloser Connection Exception A Canadian resident that the IRS has deemed to be a residential alien by way of having a substantial presence in the United States (the substantial presence (Read more…)
Read moreCanadian Residents Applying for an IRS Individual Tax Identification Number A Canadian resident purchasing a United States residential property that is rented to another party for any part of a (Read more…)
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19
Jul
2011
US Property Sales for Canadians
Canadians Selling Residential Property in the US In a previous segment we dealt with the problems that a Canadian resident might face when purchasing a US residential property. There are (Read more…)
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15
Jul
2011
Canadians in the US for Extended Period of Time
Canadians in the US: How the IRS Views Your Stay If you are a Canadian resident who is planning to spend an extended period of time in the United States (Read more…)
Read moreThe 2011 Offshore Voluntary Disclosure Initiative (2011 OVDI) The Internal Revenue Service has announced a special voluntary disclosure initiative: designed to bring offshore money back into the US tax system (Read more…)
Read moreCanadians Owning US Property – Tax Implications US real estate market prices have taken a plunge in some geographic areas and at some but not all price levels. Here are (Read more…)
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23
Jun
2011
US Estate Tax for Canadians
Estate Taxes on Canadian Owned US property Canadian residents owning any US property can be subject to US estate tax. Strategies, such as the use of trusts, are available for (Read more…)
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