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Online Tips for New York State Filers
NYS filers can create an Individual Online Services account at https://www8.tax.ny.gov/OSIN/osinHome. They'll be able to sign up for...
Daniel Gray CPA Toronto
Nov 20, 20171 min read
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US Citizens abroad giving up citizenship to eliminate reporting burden in spite of shedding tears at
Original Submission to the United States Senate Finance Committee- International Tax Section April 9, 2015. Thanks to John Richardson...
Daniel Gray CPA Toronto
Oct 18, 20177 min read
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IRS relief to victims of Hurricane Irma
Announcement 2017-13 provides relief to victims of Hurricane Irma, which caused damage to Florida and other areas. It permits easier...
Daniel Gray CPA US Tax Services Toronto Canada
Sep 15, 20171 min read
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W-8BEN & W-8BEN-E forms and instructions translated into 20 languages
At https://www.citi.com/tts/sa/taxinitiatives/tax-forms.html one can obtain W-8BEN & W-8BEN-E forms and instructions translated into 20...
Daniel Gray CPA Toronto
Sep 4, 20171 min read
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EIN (IRS TAX ID) tips
Just got an EIN? Note that sometimes the party to whom you provide the number will use a third party service to electronically validate...
Daniel Gray CPA Toronto
Aug 15, 20172 min read
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Online Marketplace Sellers and Amazon FBA program users - don't miss this chance to come clean w
It is quite often that our office is contacted by Canadian online sellers with US customers contributing to the majority of their sales....
Daniel Gray CPA Toronto
Aug 10, 20172 min read
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FBAR laid out plain and easy in video
Watch the IRS FBAR (Oct. 15 extended due date) webinar on Aug. 30 at 2 p.m. ET. at https://www.webcaster4.com/Webcast/Page/445/22121...
Daniel Gray CPA Toronto
Aug 5, 20171 min read
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Does a Web Page hosted on a server create sales tax nexus in the host state?
Let's look at California's law on this. A retailer's use of a computer server on the internet to create or maintain a web page or website...
Daniel Gray CPA Toronto
Jul 27, 20171 min read
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email option for Direct Pay and the Electronic Federal Tax Payment System
One can now sign up for email notifications when using IRS Direct Pay or EFTPS to pay taxes. This new email feature allows taxpayers to...
Daniel Gray CPA Toronto
Jul 21, 20171 min read
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Expired Green Card Holder – don’t make the costly mistake of others!
Green card holders are taxed like US citizens and are thus subject to US income tax on their worldwide income regardless of residency and...
Daniel Gray CPA Toronto
Jul 19, 20171 min read
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Requirement to subtract personal usage days from property rental? Depends
The return’s schedule E itself reports actual rental days at fair rental value and the number of days of personal use*. Actual rental...
Daniel Gray CPA Toronto
Jul 17, 20172 min read
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Sample certifications for situations in which withholding is not required on US real property sale
Sample certifications (A) Individual transferor “Section 1445 of the Internal Revenue Code provides that a transferee (buyer) of a U.S....
Daniel Gray CPA Toronto
Jul 17, 20172 min read
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How to actually pay the IRS FIRPTA withholding tax when filing Form 8288
It's very interesting that while all IRS FIRPTA withholding payment literature discuss making a payment the publications, website and...
Daniel Gray CPA Toronto
Jun 28, 20171 min read
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Missed April and June 15 FBAR filing dates - you're good to October
The new annual due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts is April 15. ...
Daniel Gray CPA Toronto
Jun 27, 20171 min read
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Daniel Gray CPA Toronto
Jun 27, 20170 min read
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8288-B withholding certificate timing and procedure. 20 days versus 90+ days
In certain cases, you may use Form 8288-B to apply for a withholding certificate. The IRS will normally act on an application by the 90th...
Daniel Gray CPA Toronto
Jun 23, 20171 min read
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FIRPTA - Joint sellers in aggregate don't meet 300k exception but do meet it when split in half
Even where residential use requirement is met, that doesn't alleviate withholding requirements in a case where the property sold for over...
Daniel Gray CPA Toronto
Jun 23, 20171 min read
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YouTube: How to Use Get Transcript Online
Learn about the Get Transcript Online tool and its enhancements that protect you from fraud. Get started at https://www.irs.gov/transcrip...
Daniel Gray CPA Toronto
Jun 23, 20171 min read
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IRS Now Accepting Renewal Applications for ITINs Set to Expire by End of 2017
The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to...
Daniel Gray CPA Toronto
Jun 23, 20173 min read
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Buyer's 300,000 Withholding Exemption Affidavit
One common exception from FIRPTA Withholding is when buyer acquires the property for use as a residence and the amount realized (sales...
Daniel Gray CPA Toronto
Jun 20, 20172 min read
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