US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘Foreign Income’

Steven Flynn

Foreign Bank Account Reporting Forms

March means different things to different people.  Spring flowers.  Longer days.  College Basketball.  It’s also a time people start to think about their own income tax returns.  Deadlines arise in the spring and March 15th is just one such deadline for some US corporations and those individuals that are  required to ensure a non-US trust meets any US reporting obligations.  These US corporations and non-US trusts required to file US returns can file extensions on or before March 15th to… Read More


New Foreign Income Reporting Requirements for Canadian Taxpayers: An Update

In an earlier blog post, we discussed the new Stop International Tax Evasion Program and the fact that Canada Revenue would be redesigning its Form T-1135, Foreign Income Verification Statement.  Canada Revenue has now released the new T-1135 form outlining the new reporting requirements for income earned from assets outside of Canada. Now Canadian taxpayers must report additional information on their foreign, income earning assets outside of specifying the cost basis and the aggregate income earned.  CRA will now require… Read More