U.S. Reporting Requirements for Certain Canadian Savings Plans

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U.S. taxpayers who own a Canadian Registered Retirement Savings…

The Foreign Tax Credit- Avoiding Double Taxation

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If you paid or accrued foreign taxes to a foreign government…

Taxpayer Reporting Requirements for Foreign Real Estate

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Many U.S. taxpayers do not realize that they must report their…

Foreign Trusts – Filing Requirements

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All U.S. taxpayers who have an interest in, or signatory or other…

Report of Foreign Bank and Financial Accounts (FBAR) Filing Limits

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In addition to annual income tax forms, certain taxpayers are…

U.S. Taxpayer Worldwide Income Reporting Requirements

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Many U.S. taxpayers do not realize that they must report their…

Classification of Taxpayers for U.S. Tax Purposes

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U.S. law treats U.S. persons and foreign persons differently…

Beware the Potential Tax Pitfalls of Investing in Offshore Mutual Funds – “PFIC” Concerns

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U.S. persons ought to be aware of the potential tax heartaches…

Reporting Foreign Bank Accounts to IRS

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The Bank Secrecy Act requires that a Form TD F 90-22.1, Report…