US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘Compliance’

AndersenTax

We’ve added FATCA Seminars for Vancouver

On July 1, 2014 the Foreign Account Tax Compliance Act will require Canadian financial institutions to report accounts held by US persons to the IRS. If you are a US person who has not filed US tax returns you may have significant exposure to tax, interest and penalties. The good news: there are ways to minimize your exposure. Our firm has over 20 US and cross-border tax specialists providing US tax return preparations and consulting services for US persons living… Read More

AndersenTax

Press Release: FATCA and Non-US Filers, the odds of the IRS finding you are increasing

FOR IMMEDIATE RELEASE                                                                        MEDIA CONTACT Warren Dueck W.L. Dueck & Co LLP wdueck@wldtax.com 604.242.1401   FATCA and Non-US Filers, the odds of the IRS finding you are increasing March 27, 2014 (Vancouver and Calgary) Tax announcements don’t usually get the same attention as the Olympics, politics or other stories that commonly hit the front page of newspapers.  But if you are a US person who has not complied with your annual US tax filing requirements, you should have paid attention… Read More

AndersenTax

Foreign Account Tax Compliance Act (FATCA) Seminars for US Persons in Canada

Are you a US person who has not filed a US tax return? The recently signed Foreign Account Tax Compliance Act (FATCA) agreement between Canada and the US will require Canadian financial institutions to report accounts held by US persons to the US Internal Revenue Service. US persons identified by the IRS who have not filed US tax returns may have a significant exposure to tax, interest and, especially penalties. In contrast, most US persons who voluntarily file US tax… Read More

AndersenTax

Canada Revenue Agency Form T1135

In its 2013 budget, Canada announced the launch of Stop International Tax Evasion Program aimed at reducing international tax evasion and avoidance. The program allows Canada Revenue Agency to pay rewards to individuals with information on significant international tax non-compliance that leads to the collection of outstanding taxes due.  Canada Revenue Agency also announced details to increase compliance and audit efforts on international tax evasion and aggressive tax avoidance. One tool that Canada Revenue Agency has used to gather information… Read More

AndersenTax

Extending the US Tax Filing Deadline

Mention the date April 15th to a US person and their first thought probably turns to taxes.  Individuals who are required to file a US income tax return are generally required to file their return on or before April 15th provided that the date falls on a weekday.  In years when the 15th falls on a weekend, the due date is delayed to the first business day after the weekend.  It gets a little more complicated to determine the correct… Read More