A Tale of Two Accountants

One of the common mistakes we see when people move across the Canada/US border is the use of two accountants. Typically, when a client moves from one country to the other, they retain the accountant that served them all those years in their home country. Once they...

5 Options for Americans not Filing with the IRS

Five options for Americans not filing tax returns (or filing incorrectly) with the IRS So what if you are one of the thousands of American citizens, derivative citizens, or green card holders living in Canada that haven’t filed U.S. tax returns with the IRS? Or...

IRS PFIC – Understanding the Rules

Understanding the Passive Foreign Investment Company (PFIC) Rules and Regulations   Whole Article Background While many parts of the U.S. tax code are both convoluted and harsh, the IRS regulations involving the treatment of PFICs – Passive Foreign...