US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘Uncategorized’

AndersenTax

CPA Meet Your Employer Event

Andersen Tax LLP attended the “Meet Your Employer Event” organized by CPA Alberta on Friday, September 15, 2018. This event was for post-secondary students and recent graduates seeking relevant work experience for the CPA Professional Education Program (CPA PEP).   Candace Doig, Philip Mei, Paula Owen, Janice Do, and Valison Myers represented Andersen Tax LLP. Over 460 students and recent graduates attended this exciting event and we were delighted to connect with many great potential candidates. If you are a… Read More

AndersenTax

Richmond Office Temporarily CLOSED JUNE 18 and possibly 19 for maintenance

Our Richmond, BC office is currently closed for building maintenance today (June 18) and possibly tomorrow. We apologize for any inconvenience. You may still reach our Richmond staff by email and our Calgary office is open for any deliveries. We will confirm when the building is open again. Thank you for your understanding.

Steven Flynn

US Transition Tax – Update Number Five

Further Relief  As they did before the April 15th tax filing deadline, the IRS once again issued guidance on the US transition tax right before a tax filing deadline. This time, the filing deadline is June 15, the extended filing deadline for US taxpayers abroad, the very group US transition tax impacts.  Guidance published on Monday, June 4th provides filing and payment relief for individuals in certain circumstances. Highlights where an individual taxpayer has a total transition tax liability of… Read More

Steven Flynn

US Transition Tax – Next Update

On April 2nd, the IRS and US Treasury issued more guidance on the US Transition Tax enacted by the Tax Cuts and Jobs Act (“TCJA”) in December 2017.  As the US moves to a territorial tax system for profits earned outside the US, this provision assesses a tax rate on accumulated earnings and profits in specific non-US corporations owned by certain US corporations and US individuals. Our previous blog entries explaining the tax and IRS/US Treasury updates can be found… Read More

Catherine Shen-Weafer

Is the interest expense deductible for US non-resident aliens owning a US real property interest?

Loaning between business entities is a widely-adopted business strategy in the real estate industry. Multiple levels of entities are often chosen in a business structure. U.S. limited liability companies (“LLC”) are commonly used to hold U.S. real property interests. When foreign investors are involved for various reasons (i.e., asset protection), foreign investors use a non-U.S. corporation that is treated as a disregarded entity for U.S. federal income tax purposes to be the sole owner of the U.S. LLC. When the… Read More