U.S. Personal and Corporate Taxation
Individuals and businesses are moving and investing across borders in record numbers.
Besides everyday issues involved in such situations, a fairly complex set of tax rules must be considered. Our firm can help you understand and plan for these issues.
We are here to help you understand the rules and minimize taxes which result from cross-border activity. Some of the U.S. and cross-border tax services we provide are:
- Choice of entity for cross-border business expansion
- Tax planning and return preparation for corporations, partnerships and other ventures with cross-border interests
- Mergers and acquisitions tax strategies
- Transfer pricing
- Canadian departure tax planning
- Determination of tax residency status
- Tax planning and return preparation for Canadians with interests in the United States
- U.S. estate tax planning
- Social security, pension and retirement planning
U.S. Corporate Tax
We offer a wide variety of U.S. corporate income tax services including the following:
- Preparation of U.S. corporate income tax returns
- Advice on how to purchase a U.S. business (such as purchasing assets versus shares), how to finance the purchase and how to structure the acquisition via your current U.S. and or Canadian holdings
- Identification of income tax consequences in Canada on how to repatriate (or transfer) the profits from the U.S. to Canada
- Advice on how to establish a new U.S. business including the form of the business and if it should be incorporated, review the limited liability implications of a corporation, consider its structure as a partnership, etc. We also advise on the significant U.S. tax issues to consider such as compensation strategies, accumulated earnings tax and personal holding company issues, how the company should be capitalized and financed and how the U.S. business will be owned
- Review the implications of state sales taxes and income tax (nexus) implications
- Tax registrations and filings for U.S. businesses with the Internal Revenue Service
Corporate re-organizations and strategies for selling a U.S. business
U.S. Personal Income Taxes
Some of the U.S. personal income tax services we provide include the following:
- Preparation of U.S. personal income tax returns for all years
- Tax planning for individuals moving to the United States, including the coordination of the U.S. and Canadian income tax positions
- Tax planning for Canadian’s returning from the United States
- Evaluation of U.S. state tax issues for Canadian residents holding U.S. investments including U.S. real estate and many other personal tax planning matters
- The above is very brief overview of the services that we provide with respect to the preparation of U.S. Personal Income Tax Returns. For full details review U.S.
- Personal Income Tax Return Services .
U.S. Citizens In Canada
Some of the U.S. tax services for U.S. citizens who reside in Canada that we offer include:
- Preparation of personal income tax returns
- Estate planning for U.S. citizens living in Canada, including the coordination of U.S. and Canadian tax planning
- Establishing various U.S. trust structures for U.S. citizens moving to Canada to obtain a 5 year exemption from Canadian tax on certain types of income
- On June 26, 2012 the Internal Revenue Service announced new “catch up” filing compliance procedures for non-resident U.S. taxpayers. The rules and regulations for this are outlined per the attached article titled New U.S. Filing
- Program – June 26, 2012 Regulations. The changes are significant and are briefly outlined per the attached article.
U.S. Tax Filings And Various U.S. Compliance Issues
We have experience preparing the following U.S. tax filing services:
- Non resident alien individual tax returns including Form 1040 NR and the U.S. rental income statements, capital gains from real property, salary and business income
- Income tax returns for U.S. citizens living in Canada including Form 1040 and the individual state U.S. returns if required
- Corporate income tax returns for U.S. corporations including Forms 1120 and 1120F together with the required disclosure schedules
- Partnership returns including Form 1065 together with the partner statements Form 1041
- Estate income tax returns including Form 706 for U.S. citizens and non resident aliens who hold U.S. property including Form 706NA
- Payroll remittances and summary reporting including Forms W2 and W3 and the withholding and related forms
Need Income Tax & Business Help?
Ever wonder if your current accountant is doing everything they should to maximize your profit and reduce your tax? Are you looking for a Chartered Accountant for your company? We’d like the opportunity to discuss your particular situation.
Our team of tax experts are skilled at handling all forms of challenges that businesses face – large or small – whether it’s bookkeeping needs or complex tax issues. We’ll not only assist you with your current requirements but also provide recommendations and guidance for continued growth.
It is your opportunity to hear what we can do for you. How we can save you money. We can evaluate, together, how your current business plan will take you in the right direction to achieve your goals. It’s your opportunity to discover how we can provide ‘Big Firm Advice at a price you can afford’.