US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Welcome to W.L. Dueck & Co. LLP’s US and cross-border tax blog. We are a team of over 20 tax professionals that work exclusively on US and cross-border tax issues. Our clients include Canadian businesses and individuals with investments in the US and US citizens resident in Canada. We provide both tax consulting and tax return preparation services. We work with individual and business clients and their legal, accounting and financial advisors.

Steven Flynn

IRS Actions to Solve Non-Compliance of Canadians Earning US Rental Income

In August, the US Treasury Inspector General for Tax Administration (TIGTA) issued a final report #2017-30-048 entitled “Additional Controls Are Needed to Help Ensure That Non-resident Alien Individual Property Owners Comply with Tax Laws”[1].  While the TIGTA needs to work on their titles[2], the report contains some interesting recommendations for Canadians that own US real property. TIGTA estimates that non-resident alien investors’ investment in US real property increased by approximately 1/3 or almost US$10 billion between 2013 and 2016.  They… Read More

WLDTax

US Tax Reform Implications for Canadians

Lunch and Learn Seminar June 8, 2017 Join Steven Flynn and Jay Park for an overview of current US tax reforms and what they mean for Canadians with property and business interests in the US. Details are below (click the poster to download). Lunch is included. Space is limited to please RSVP to Nicole Elzinga by email or call 604.242.1414 by June 1, 2017 to reserve your spot. Save Save Save Save Save Save Save

Steven Flynn

Non-residents Selling Canadian Real Property

Monday May 1st is generally the filing tax deadline in Canada for individuals for the 2016 year[1].  It is also 8 days away from a provincial election in British Columbia.  One of the many issues politicians face in urban centers in BC is housing, both high prices and low availability.  Some politicians have suggested that the BC government take measures to fight tax cheats who purchase and sell property in BC without paying income taxes[2]. This includes non-residents selling Canadian… Read More

Steven Flynn

Stafford PFIC Presentation – Additional Information

On January 5, 2017, together with Strafford Publications, Steven Flynn will be presenting on Passive Foreign Investment Companies. In his section of the presentation, Steven will discuss information and tools to help you complete IRS Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualifying Electing Fund.  Links to this information and these tools are below: W.L. Dueck & Co. LLP Tools Example 1 and 2 – PFIC Excess Distribution Calculation Click to view… Read More

Steven Flynn

Strafford – Form 8621 PFIC Presentation January 5, 2017

I am pleased to announce that I will be speaking in an upcoming Strafford live webinar, “Form 8621 PFIC Reporting: Navigating the Highly Complex IRS Passive Foreign Investment Company Rules” scheduled for Thursday, January 5, 1:00pm-2:50pm EST. Because of your affiliation with my firm, you are eligible to attend this program at half off. As long as you use the links in this blog post, the offer will be reflected automatically in your cart. Our panel will furnish tax advisers… Read More