If you’re a citizen of the United States living in Canada, you’re subject to the tax laws of both countries and may need to file annual US tax returns regardless of where you live. Overlooking US or Canadian tax and disclosure requirements may lead to penalties, or other consequences. U...
Are you aUS Citizen living in the UK & Canadaand have not filed yourexpat taxesreturns? Get help from professional US expat tax service providers who help you file your US tax returns and come in compliance with the IRS. Whether you are an American citizen living in the UK or a foreign...
Rising taxes, high inflation, skyrocketing cost of living, costly and inadequate healthcare, along with crime are all factors that are currently driving many US citizens to look for an escape route. Whatever you decide to do, it must be structured properly. You’ll need to incorporate the bes...
Citizenship in the United States is a status that grants people rights and privileges. It also holds responsibilities, such as paying taxes and voting in elections. To become a citizen of the US, you must live here for five years (or three if married to a US citizen). You must also pas...
citizen or resident alien is subject to the social security taxes of a foreign country. As of this time, Canada has not entered into a Totalization Agreement with the United States thus there is opportunity to avoid double taxation of social security income for US expat tax in Canada. Click ...
US TaxesInternational Tax Accountant Downtown TorontoAt Toronto Tax Consulting, we specialize in providing expert U.S. tax services tailored to meet the needs of individuals and businesses in Toronto. Whether you’re a U.S. citizen living in Canada, a Canadian with U.S. income, or involved ...
In the United States, citizenship is a legal status given to those born or naturalized in the country. Citizenship doesn’t require the individual to be living in the United States. For example, one can be a citizen of the United States but live and work in another country. ...
US TaxesInternational Tax Accountant Downtown TorontoAt Toronto Tax Consulting, we specialize in providing expert U.S. tax services tailored to meet the needs of individuals and businesses in Toronto. Whether you’re a U.S. citizen living in Canada, a Canadian with U.S. income, or involved ...
Every country has unique tax situations for their own citizens as well as US Expats living their new home country. We go in-depth on niche topics for certain countries. View all Moving to Canada: A US Citizen’s Guide to a Fresh Start ...
Again, tax credit planning is essential. The deferral mechanism of the remittance basis in many cases is not beneficial for US citizens living in the UK, where the funds will be needed in the UK at some point in the future. Using the example of capital gains again: A US citizen wh...