Revocation or Denial of Passport in Case of Certain Unpaid Taxes
If you have seriously delinquent tax debt, IRC § 7345 authorizes the IRS to certify that to the State Department. The department...
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Daniel Gray CPA
- Feb 2
- 29 min
The evolving practitioner dilemma if NIIT is an Income or Social Security Tax or neither
See this 02-01-2023 article by Wooyoung Lee and Nina Krauthamer Ruchelman PLLC BACKGROUND Congress enacted the N.I.I.T. in 2012 as part...
491 views
Daniel Gray CPA
- Aug 5, 2022
- 1 min
USC/Cdn resident Cdn University Students USD$4,000 refund
A US citizen attending a qualified Canadian university, if eligible for American Opportunity Tax Credit (AOTC), could on a 1040 claim it...
80 views
Daniel Gray CPA
- Feb 14, 2022
- 1 min
CRA kinder to taxpayers than IRS when considering taxation of covid relief
For tax year 2021, individuals cannot claim to IRS the COVID-19 medical condition travel exception to exclude any days of presence in the...
79 views
Daniel Gray CPA
- Feb 10, 2022
- 1 min
IRS ITIN DEPARTMENT CAN SHOOT DOWN A W-7 FASTER THAN QUICK DRAW MCGRAW
The pictured CP566 IRS W-7 notice demonstrates both (i) the difference between CP566 where IRS requests info and CP567 (also pictured)...
234 views
Daniel Gray CPA
- Jan 31, 2022
- 2 min
Life hacks for mailing W-7 ITIN applications during covid
[CAUTION TO APPLICANTS: do not use any CAA who doesn’t require seeing your actual passport as that’s an IRS violation that disqualifies...
94 views
Daniel Gray CPA
- Jan 27, 2022
- 2 min
Here we go with 2022 ITIN expiry
It's almost never so. Applications are tricky, qualification or need is often tricky and expiry determination needs some attention. If...
3,398 views
Daniel Gray CPA
- Dec 15, 2021
- 1 min
Nothing in life is simple, this holds true for 1040 with IRS
One would think that the very first step of preparing a 1040 tax return – entering taxpayer’s name, would be the simplest and most...
116 views
Daniel Gray CPA
- Feb 2, 2021
- 1 min
Canada a tax haven!?
Quick study of short term gain IRS vs CRA CANADA - For the past 20 years, capital gains in Canada have been 50% taxable. Depending on...
172 views
Daniel Gray CPA
- Nov 13, 2020
- 2 min
FIRPTA sale - analysis weighing applying for 8288-B or waiting to claim refund on tax return.
Before Covid-19, often this question boiled down to the time of year of closing and amount of money withheld. If both the amount of money...
458 views
Daniel Gray CPA
- Nov 11, 2020
- 3 min
FIRPTA FILING COORDINATING 8288/8288-B/W-7 (ITIN)
If 8288-B isn’t filed, 8288/8288-A must be filed within 20 days of closing. If closing 8288-B is filed, 8288/8288-A must be filed before...
327 views
Daniel Gray CPA
- Nov 4, 2020
- 2 min
TIN TIN EXPLORES THE IRS
A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of...
38 views
Daniel Gray CPA
- May 8, 2020
- 1 min
What is IRS e-file reject code IND-181?
IRS will reject an e-file and report rejection code IND-181 if at some past point of time you joined IRS "Identity Protection PIN"...
117 views
Daniel Gray CPA
- May 5, 2020
- 3 min
ITIN Application - USA RN Nursing licence or Student of US School with Taxable Scholarship
The biggest challenge is finding an application reason acceptable to IRS for such ITIN need. An ITIN cannot arbitrarily be issued upon...
1,604 views
Daniel Gray CPA
- May 4, 2020
- 1 min
Are the Canada Pension Plan and Canadian Old Age Security benefits taxable? Where reported?
The taxation of payments received from Canadian retirement programs that are similar to the U.S. Social Security system receive special...
241 views
Daniel Gray CPA
- Apr 14, 2020
- 2 min
Removing the mystery out of CRA request for IRS transcripts
There have been many questions regarding CRA requests for IRS transcripts to substantiate foreign tax credit claims on a T1 return. Does...
627 views
Daniel Gray CPA
- Feb 12, 2020
- 2 min
1040NR Sch OI Item F
Is a taxpayer required to report a historical change (i.e., not during the tax return reporting year) when answering this question: Have...
369 views
Daniel Gray CPA
- Feb 12, 2020
- 1 min
1040NR vs 1040 refund timing and processing
IRS says 1040NR return processing is 22-42 days. IRS doesn’t issue NOA like Canada’s CRA, so how do you check in on your check? One can...
977 views
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