Daniel Gray CPA
ITIN for 2019 1040 filing
Your ITIN may expire before you file a 2019 tax return in 2020. If you need to file a 2019 tax return, you need to renew your ITIN now,...
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Daniel Gray CPA
- Dec 23, 2019
- 1 min
Tell me that IRS won't tax USA stock dividends in my Canadian RRSP
First, Happy Holidays to all reading this! While IRS applies a non-resident 30% withholding tax to dividends paid on U.S. stocks (which...
37 views
Daniel Gray CPA
- Dec 19, 2019
- 4 min
Cannot locate your Social Security Number (SSN) to file IRS Offshore Streamlined Amnesty
IRS requires an SSN to file in the IRS offshore streamlined amnesty program. Since you have a SSN and SSN never expires, you’re...
77 views
Daniel Gray CPA US Tax Services Toronto Canada
- Nov 7, 2019
- 2 min
8288 TIN Importance - FIRPTA sale
In a US property sale subject to FIRPTA, it’s obvious that the seller’s (aka transferor) TIN is important – after all it’s the seller’s...
210 views
Daniel Gray CPA US Tax Services Toronto Canada
- Oct 10, 2019
- 2 min
Unplug the IRS FIRPTA Refund Backup
It seems like more and more taxpayer refunds from US property sales are held up at IRS. Some of the delays can be prevented by an...
227 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 8, 2019
- 1 min
Punt back your penalty to IRS if IRS provided incorrect written advice
If you received incorrect written advice from the IRS, you may qualify for a statutory exception. If you feel you were assessed a penalty...
22 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 7, 2019
- 4 min
What’s in a name?
After a preparer and taxpayer work long and hard together to finalize a tax filing, it’s those simple easy things that can ruin the whole...
622 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jun 26, 2019
- 2 min
Will IRS accept 8879 or 8878 e-file consent form digitally signed by taxpayer?
Will IRS accept 8879 or 8878 e-file consent form digitally signed by taxpayer? IRS says: Taxpayers have the option of using electronic...
63 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jun 21, 2019
- 3 min
2 million Individual Taxpayer Identification Numbers (ITINs) Expiring
Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019. Affected taxpayers can ask our...
33 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jun 7, 2019
- 2 min
Don’t try to fool IRS on FIRPTA sale by using QuitClaims
If tax avoidance and dishonesty aren’t strong enough to sway you away (IRS has alerted U.S. realtors, tax practitioners, attorneys, and...
741 views
Daniel Gray CPA US Tax Services Toronto Canada
- May 20, 2019
- 1 min
Stuck in ITIN-EIN no-man’s land
SS-4 EIN application responsible party is now required by IRS to possess and report an ITIN. Alas, such return-filing-exception-reason...
32 views
Daniel Gray CPA US Tax Services Toronto Canada
- Apr 30, 2019
- 1 min
What to do with 1042-S withholding tax credit slip you received
If all of your earnings are from treaty zero-rated withholding such as royalties from US publishers: You should claim a zero rate by...
158 views
Daniel Gray CPA US Tax Services Toronto Canada
- Apr 15, 2019
- 1 min
Pay less tax on your 1099 income
Did you receive a 1099-B from a US investment and report the capital gain on both your 1040 and T1 Canadian tax return? Brokers report...
63 views
Daniel Gray CPA US Tax Services Toronto Canada
- Mar 27, 2019
- 2 min
transition tax - 962 tax election statement language template
Many US citizen taxpayers abroad (including Canada) with transition tax issues seek tax benefit by making an IRC Section 962 tax election...
1,262 views
Daniel Gray CPA US Tax Services Toronto Canada
- Mar 1, 2019
- 2 min
How to get back your money from CRA (when already taxed by IRS but disallowed by CRA - using transcr
Has CRA sent you a large tax bill because it disallowed foreign tax credit claim for IRS or state taxes paid until you provide CRA with...
113 views
Daniel Gray CPA US Tax Services Toronto Canada
- Feb 24, 2019
- 1 min
California seller's permits and ITIN
Canadians attending California conventions and/or conferences to showcase merchandise at booths need a California seller's permit to do...
625 views
Daniel Gray CPA US Tax Services Toronto Canada
- Feb 13, 2019
- 1 min
Ever wonder about the first two digits in your EIN (Employer Identification Number) IRS TAX ID or wa
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is generally used to identify a business...
15,415 views
Daniel Gray CPA US Tax Services Toronto Canada
- Feb 5, 2019
- 3 min
Solution for Canadian/Foreign designated partnership representative failing USA telephone and 183 da
IRC Section 6221(b) centralized partnership audit regime requires a designated partnership representative with substantial presence in...
57 views
Daniel Gray CPA US Tax Services Toronto Canada
- Feb 4, 2019
- 2 min
Partnership representative with substantial USA presence for Canadian and/or non-USA resident Partne
IRC Section 6221(b) centralized partnership audit regime is new for 2018 and requires all partnerships to designate a partnership...
45 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jan 31, 2019
- 1 min
IRS Account Transcript to satisfy CRA Foreign Tax Credit Proof for Claim
CRA denied your US tax credit claim? Does CRA want you to substantiate your claim by filing US tax returns that you aren’t required to...
975 views
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