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And the next expiring ITINs are ...
The IRS is now accepting ITIN renewal applications for: ITINs that have not been used on a federal tax return at least once in the last...
Daniel Gray CPA US Tax Services Toronto Canada
Jun 15, 20181 min read
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IRS is going after taxpayers abroad including Canadians
IRS says it now plans to invest time and resources catching non-compliant Canadians and taxpayers abroad elsewhere with regards to forms...
Daniel Gray CPA US Tax Services Toronto Canada
May 30, 20181 min read
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2018 extensions valid through (read on) filed for 1040 (including USC Abroad) & 1040NR returns
IRS 1040NR instruction: If you did not receive wages as an employee subject to U.S. income tax withholding, file Form 1040NR by the 15th...
Daniel Gray CPA US Tax Services Toronto Canada
May 15, 20181 min read
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$11,180,000 estate/gift tax exclusion, $15,000 annual tax-free gifting amount
Under the new tax law enacted effective January 1, 2018, Congress doubled the gift, estate and generation-skipping transfer (GST)...
Daniel Gray CPA US Tax Services Toronto Canada
May 13, 20181 min read
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Penalty Relief for the Procrastinating US Rental Property Owners Return Filing
So, you're a Canadian, or other non-US citizen, who owns and rents out US property, hasn't yet obtained an ITIN and you don't expect to...
Daniel Gray CPA US Tax Services Toronto Canada
May 10, 20181 min read
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UK Royals affected by IRS US Expat tax
Don't feel discriminated against, IRS has got the UK Royal Family too in its compliance net.
Daniel Gray CPA US Tax Services Toronto Canada
Apr 17, 20181 min read
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ITIN reasons and qualification
You have to meet the return filing reason , or one of the exception-to-return-filing reasons. One cannot just arbitrarily apply for an...
Daniel Gray CPA US Tax Services Toronto Canada
Apr 10, 20182 min read
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Three red flags for a casino winner to look for a different service provider of US tax withholding r
Paid tax professionals aren’t permitted to endorse or otherwise negotiate a refund check issued to a taxpayer. This is true, even if the...
Daniel Gray CPA Toronto
Mar 30, 20181 min read
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Missed the March 15 1042-S filing due date? Better hurry up!
The following penalties apply to the person required to file Form 1042-S. The penalties apply to both paper filers and electronic filers....
Daniel Gray CPA
Mar 22, 20183 min read
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Your bank just asked you to confirm you're a US taxpayer to enable your govt tax authority to re
So, you or your non-US company received W-9 from your bank. If Canadian the notice says it needs info under Income Tax Act Part XVIII to...
Daniel Gray CPA US Tax Services Toronto Canada
Mar 22, 20183 min read
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2014 Offshore Voluntary Disclosure Program (OVDP) closing on Sept. 28, 2018
The Internal Revenue Service today announced (IR-2018-52, March 13, 2018) it will begin to ramp down the 2014 Offshore Voluntary...
Daniel Gray CPA
Mar 14, 20182 min read
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Tax Cuts and Jobs Act withholding calculator and new W-4
The Internal Revenue Service this week released an updated withholding calculator and a new version of Form W-4. The calculator and new...
Daniel Gray CPA US Tax Services Toronto Canada
Mar 4, 20181 min read
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2018 FBAR extended due date, what to write in the late-filing reason box streamlined or otherwise, w
FBAR must be filed electronically through FinCEN’s BSA E-Filing System. The FBAR is not filed with a federal tax return. Public Law...
Daniel Gray CPA US Tax Services Toronto Canada
Feb 28, 20182 min read
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Didn’t receive IRS refund check and my address has changed
Note that IRS will mail you notices and/or a check to the most recent address that it has on file for you. Of note: Nowadays IRS is very...
Daniel Gray CPA US Tax Services Toronto Canada
Feb 22, 20182 min read
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What number to call IRS and what number not to use that makes everyone lose
Contact the IRS 6:00 am to 11:00 pm (EST) M-F at (267) 941-1000. Forgot the number? It's listed on homepage of www.ustaxservices.ca DO...
Daniel Gray CPA US Tax Services Toronto Canada
Feb 21, 20181 min read
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WHO must file 8938/FBAR, WHAT are the minimum reporting thresholds and PENALTIES for noncompliance
First, let’s recall the difference between these two filings – highlighted by the fact 8938 is included in a 1040 return whereas FBAR is...
Daniel Gray CPA US Tax Services Toronto Canada
Feb 21, 20184 min read
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Taxpayers with expired Individual Taxpayer Identification Numbers (ITINs) should renew them as soon
Taxpayers with expired Individual Taxpayer Identification Numbers (ITINs) should renew them as soon as possible. Tax returns with expired...
Daniel Gray CPA Toronto
Feb 13, 20182 min read
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Explanation and Ten Examples of the Rules for Determining an Alien’s Period of Residency in the Unit
An alien’s period of residency in the United States must have an official starting date and ending date. The rules for determining these...
Daniel Gray CPA Toronto
Feb 9, 201825 min read
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Check this Florida rule if you own Cdn RRSP
Florida Technical Assistance Advisement No 02C2-006 that says Canadian citizens are NOT exempt from Florida intangible tax on their RRSPs.
Daniel Gray CPA Toronto
Feb 5, 20181 min read
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Non-US person owing US real property - check that you've complied with Form BE-15 Claim for Exe
All U.S. business enterprises in which a foreign person (in the broad legal sense, including a company) owns directly and/or indirectly...
Daniel Gray CPA Toronto
Feb 5, 20181 min read
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