The taxpayer's penalty for filing foreign account forms late was reduced to $50,000 from $2.72 million
In many cases, doing nothing is the best option
Funds that employ currency hedging have lagged this year
Biden wants to make the wealthy and corporations pay more
The CRA has taken an interest in U.S. real estate transactions
The exemption threshold has doubled, but paperwork is still required
It's receiving support from both Democrats and Republicans
Many clients are choosing to retire to other countries - lured by a comfortable climate and scenic views or a desire to return to their homeland. You can provide information and advice to help these clients navigate the many necessary decisions
Update includes references to state statures
Canadian citizens filed US$10 million in false tax refund claims with the IRS