Expatriate IRS Tax Help or Problems – Canadian & US Issues – Tax Attorneys, CPA’s and Former IRS

Fresh Start Tax L.L.C. is a professional tax firm that specializes in U.S. and Canadian Tax Issues.

We have over 205 years of professional tax experience and over 60 years of direct work experience at the IRS.

We have on staff Tax Attorneys, CPA’s and Former IRS agents. Free tax consultations. Call 1-866-700-1040

U.S. Canadian Issues:

If you are a U.S. citizen and you move and live there as a Canadian permanent resident many U.S. tax issues can arise. Below are FAQ’s asked.

Question: I am a U.S. citizen. If I move to Canada to live and work there as a Canadian permanent resident, do I pay both U.S. and Canadian Taxes?

Answer: As a U. S. citizen living in Canada you:

1. You are required to file annual U.S. income tax returns and may be required to file certain information returns if applicable (e.g. Form 8891, U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans; Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts; TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).

 
2 . You must also report your worldwide income on your U.S. income tax return if you meet the minimum income filing requirements for your filing status and age.

 
3. You must contact the Canadian Government to determine whether you must file a Canadian tax return and pay Canadian taxes.
4. May be able to elect to exclude some or all of your foreign earned income, if certain requirements are met, or to claim a foreign tax credit if Canadian income taxes are paid.

We can handle all FBAR problems and work out favorable tax settlements.