Where Do You Call Home?

US TAXATION SUPPORT FOR RESIDENTS AND NON-RESIDENTS

Know Your Filing Requirements!

Proactive Tax Planning Solutions

You operate a business in Canada, but your business dealings may touch in many areas across the border, or abroad.
Understanding how changes in domestic and international regulations can impact your company is critical. Cross border interaction expands your market, but being fully aware of potential US tax liabilities is your foremost responsibility. Let DSK guide you with tax planning strategies that will prepare you for your cross border tax obligations, keep you informed, and work to reduce your tax burden.
Contact us today to discuss proactive tax planning solutions for your business.

Cross Border Business Transactions

Our vibrant global economy has been encouraging steady expansion into cross border markets with no signs of slowing down! Trends show that more and more, individuals and businesses are establishing working relationships, purchasing real estate, and calling both sides of the border “home”. DSK can help you understand your reporting requirements, and put together a comprehensive tax planning strategy. As either a Canadian or US resident, you may have investments or business transactions that effectively fall outside of your country of residence.
We’ll ensure that you have a clear understanding of your tax obligations on both sides of the border.

Non-Resident, Non Filer Streamlined Procedure for U.S. Persons

Since June 2012, the IRS has administered a streamlined filing program to allow non-compliant U.S. persons to become compliant with their tax filing obligations. The program requires a U.S. person to file the last three years of personal income tax returns, as well as the last six years of Reports of Foreign Bank and Financial Accounts (FBARs). Additional reports may be required based on the specific taxpayer’s situation. There is also a questionnaire and potentially specific declarations that need to accompany the filing package.

Citizens Living Abroad

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If you’re a US citizen or a green card holder, you’ll likely have US tax filing obligations even if you haven’t been to the USA or left several years ago.

Read our blogs on tax tips for “snowbirds”.

Compliance with FACTA

DSK can help you understand your reporting requirements, and put together a comprehensive tax planning strategy.

Read “FACTA Reporting Timelines”

Subscribe to the FATCA News and Information List

For More Information

Understanding  how changes in domestic and international regulations can impact your company is critical. For more information, contact Jason Kingston or Heather Holland.

 

CONTACT Jason or HeatherCONTACT Jason or Heather