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Daniel Gray CPA
May 17, 20244 min read
Airline Pilots IRS Tax
We always had a pilot or two in our client list but for some reason in 2024 we've become a pilot magnet, so here's a post on point....
61 views
Daniel Gray CPA
Feb 9, 20242 min read
NRA parent's investment account with adult child USC secondary owner
Canadian NRA parent entirely funds an interest bearing account at TD Bank of Canada. Parent is primary account holder and adult child USC...
54 views
Daniel Gray CPA
Feb 9, 20241 min read
Tax AI vs Tax Pro
I tested out IRS's new Form 1042-S Data Integrity Tool at https://1042sdi.for.irs.gov/Account/LogIn?ReturnUrl=%2F This software program...
37 views
Daniel Gray CPA
Dec 20, 20231 min read
Stuck in IRS ITIN no-man's land
Canadians inherit pensions of deceased US resident relatives such as Teachers Insurance and Annuity Association of America (TIAA). IRS...
61 views
IRS
Feb 2, 20231 min read
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...
92 views
Daniel Gray CPA
Feb 2, 202329 min read
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...
614 views
Daniel Gray CPA
Aug 5, 20221 min read
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...
88 views
Daniel Gray CPA
Feb 14, 20221 min read
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...
89 views


Daniel Gray CPA
Feb 10, 20221 min read
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)...
271 views
Daniel Gray CPA
Jan 31, 20222 min read
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...
104 views
Daniel Gray CPA
Jan 27, 20222 min read
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...
4,099 views
Daniel Gray CPA
Dec 15, 20211 min read
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...
271 views

Daniel Gray CPA
Feb 2, 20211 min read
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...
178 views


Daniel Gray CPA
Nov 13, 20202 min read
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...
494 views


Daniel Gray CPA
Nov 11, 20203 min read
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...
455 views
Daniel Gray CPA
Nov 4, 20202 min read
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...
43 views
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