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Do I need to take action concerning my ITIN?
While proposed law for ITIN renewal excluded the requirement for those who annually file tax returns, the actual law requires renewal...
Daniel Gray CPA US Tax Services Toronto Canada
Aug 19, 20162 min read
IMPROVEMENTS ARE NEEDED IN OFFSHORE VOLUNTARY DISCLOSURE COMPLIANCE AND PROCESSING EFFORTS
See this report: https://www.treasury.gov/tigta/auditreports/2016reports/201630030fr.pdf of findings of the TIGTA audit that was...
Daniel Gray CPA
Aug 17, 20161 min read
Clever home interest deduction to get under limit
This article by Mark R. Ashton at Fox Rothschild LLP can come in handy for Canadian resident USC married to NRA, especially with Toronto...
Daniel Gray CPA
Aug 16, 20163 min read
Canadians should avoid LLP or LLLP
A very recent ruling (2016-0642051C6) by the Canada Revenue Agency (CRA) will make residents of Canada, including US citizens living...
Daniel Gray CPA
Aug 7, 20162 min read
Do I need to renew my ITIN?
Section 203 of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), Pub. L. 114-113, div. Q, enacted on December 18, 2015,...
Implementation of PATH Act ITIN Provisions
Aug 7, 20166 min read
New ID requirements flying into Canada
Starting September 30, 2016, all air travelers, including Canadian citizens, will need to have appropriate documents to travel to Canada...
Daniel Gray CPA
Aug 5, 20162 min read
Required renewal of ITINs has arrived
The Internal Revenue Service on Aug 4, 2016 announced important changes to help taxpayers comply with revisions to the Individual...
Daniel Gray CPA
Aug 5, 20163 min read
U.S. Citizenship Renunciation
You need to show past five years of filed US tax returns to expatriate. If you cannot locate your SSN, see elsewhere on our website on...
Daniel Gray CPA
May 13, 20168 min read
Health Care Coverage
US citizen and resident individuals must have health care coverage (Form 1095), have a health coverage exemption, or make a shared...
Daniel Gray CPA
May 13, 20161 min read
Expiry of Individual Taxpayer Identification Number (ITIN)
On December 18th, President Obama, signed H.R. 2029, the tax (the “Protecting Americans from Tax Hikes Act of 2015”) and spending bills...
Daniel Gray CPA
May 13, 20161 min read
Locating or Obtaining a Social Security Number (SSN)
If you are an Ontario resident, for your SSN, see if the Niagara office can help you. See if they offer a less rigorous option to merely...
Daniel Gray CPA
May 13, 20161 min read
IRC § 6698 provides that partnership late filing penalties will not apply if it is "shown that
IRC § 6698 provides that partnership late filing penalties will not apply if it is "shown that such failure is due to reasonable cause." ...
Daniel Gray CPA
Mar 28, 20161 min read
Streamlined Program Will Expire
On December 17th at the George Washington University Law conference on international taxation, the Commissioner of the IRS John Koskinen...
Daniel Gray CPA
Mar 26, 20163 min read
Unpaid Tax Bill could result in Your US Passport Being Revoked
The H.R. 22, Fixing America’s Surface Transportation Act (FAST Act) highway funding bill was signed by President Obama on December 4,...
Daniel Gray CPA
Nov 28, 20151 min read
Forms 5471 - Automatic Assessment of Penalties under IRC Section 6038(b)(1)
In August, 2008, the Internal Revenue Service began issuing letters to some taxpayers to alert them to an upcoming procedural change...
Daniel Gray CPA
Nov 27, 20152 min read
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