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Daniel Gray CPA US Tax Services Toronto Canada
- Aug 7, 2018
- 1 min
Foreign corporation or individual who is a partner in US partnership must file a US tax return regar
Unless one of the exceptions applies or a special return is required, a foreign corporation must file Form 1120-F if, during the tax year...
15 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 7, 2018
- 1 min
FIRPTA Form 8288 tidbits
If you receive a withholding certificate from the IRS that excuses withholding, you generally are not required to file Form 8288. However...
27 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 7, 2018
- 1 min
Canadians are accustomed to receiving NOA from CRA confirming income tax filing, IRS doesn't do
As IRS doesn’t issue NOA like CRA does, a Canadian who filed with IRS should call the IRS to follow up on the tax (and/or other) return ...
54 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 7, 2018
- 1 min
How does one find out from IRS if extension was mailed too late?
IRS will mail taxpayer Notice 6513 saying extension was mailed too late, like this one:
29 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 7, 2018
- 1 min
Picture of IRS approval of 4868 extension filing without ITIN
I've previously posted about the ability to file a 4868 extension without an ITIN, here's picture proof.
60 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 6, 2018
- 1 min
How long does IRS give me to make changes to an e-file application
If you have an active e-file application on file with IRS and have made changes such as adding a provider option, principal or responsibl...
10 views
Daniel Gray CPA US Tax Services Toronto Canada
- Aug 6, 2018
- 1 min
Retrieve your calendar days spent in USA this easy way
Preparing your 1040NR return and need records of your days in USA during the tax year and the mere thought of doing a reconciliation of y...
36 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 20, 2018
- 2 min
Not every foreign owned SMLLC is affected by the new 5472 filing requirement
A single member LLC is considered a “disregarded entity” for U.S. tax purposes, and accordingly its operations are reported on the member...
247 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 20, 2018
- 1 min
How to get back withholding tax from IRS (and not pay extra prep fees if you own US property rental)
Do you have any other USA source income or tax withholding in the current year? Has a US payer, such as a casino, a bank or financial ins...
8 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 19, 2018
- 2 min
Why is basis of gift reported on 709 (since it's not used now for the donor-reporting as it woul
Why is basis of gift reported on 709? The form is trying to determine the Adjusted Basis (purchase price plus improvements minus adjustme...
23 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 18, 2018
- 2 min
Canadian resident students/parents seeking IRS higher-education tax credits for Canadian Universitie
IRS offers two higher-education tax credits. The American Opportunity Tax Credit provides up to $2,500 worth of credit for each student, ...
479 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 17, 2018
- 1 min
Need a US State driver’s license number to file a US federal or state return?
Does a Canadian or American need a driver’s license number to file an IRS 1040 or state income tax return? For Canadians while the underl...
17 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 12, 2018
- 1 min
Read the Stories of Regular Average Canadian Citizens who were Targeted by IRS
https://www.cbc.ca/news/politics/taxation-canada-u-s-irs-1.4025880 https://globalnews.ca/news/3309306/u-s-sues-vancouver-dual-citizen-for...
18 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 12, 2018
- 1 min
New Jersey amnesty program for 2009-2017 tax liabilities until January 15, 2019
New Jersey new budeget legislation provides for a new amnesty program for 2009-2017 tax liabilities: Period to participate: The Division ...
3 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 6, 2018
- 3 min
FBAR Form 114 and Form 8938 reporting and not worrying about double-counting on FBAR
Form 8938 serves a different purpose than FBAR. The purpose of Form 8938 is to facilitate compliance with FATCA and is part of the tax re...
358 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 6, 2018
- 2 min
Social Security Administration - FOREIGN ENFORCEMENT QUESTIONNAIRE & don't let this horror s
FOREIGN ENFORCEMENT QUESTIONNAIRE – SSA 7161, SSA 7162 The Social Security Administration contacts beneficiaries outside the United State...
503 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jul 6, 2018
- 1 min
Tax-Structuring for Canadians or Foreigners Investing in the USA alone or with a US Partner
If a Canadian resident seeks to invest in the USA either alone or in partnership with a US citizen or entity, what tax structures may wor...
14 views
Daniel Gray CPA US Tax Services Toronto Canada
- Jun 29, 2018
- 2 min
Early refund request from IRS on US property sale withholding will come this much sooner than same r
Ah, where to find answer that IRS or no one else on the web discusses and this answer is impacting your ability to make a logical decisio...
47 views
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