US Cross-Border Tax Blog

Published by W.L. Dueck LLP


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 returns are unlikely to be assessed any penalties and generally have little or no tax due.

The Act comes into force July 1, 2014. To help people facing US filing obligations W.L. Dueck & Co. LLP will be running seminars on April 8, May 13 and June 10 at The Fairmont Palliser in Calgary.

Led by Warren Dueck, CPA/FCA, CPA (Washington), Liz McLeish, CA and Daren Raoux, CPA/CA, CPA (Illinois) the seminar explains how FATCA affects US persons and will identify strategies to avoid adverse US tax results including filing alternatives, revocation of US citizenship and other relevant tax topics.

The cost to attend is $25 per person or couple.
Space is limited.  To register call 1.855.448.0200 (Toll Free) or emailing with FATCA Seminar in the subject line.