IRS Overruled & Potential Refunds  If you are a US expat taxpayer, the latest court ruling comes as welcome news to you. A US federal court has overturned a controversial ...

Donald Trump’s victory coupled with what appears to be a Republican sweep of both houses of Congress sets the stage for tax legislation to be passed early in Trump’s term.  ...

On February 28, 2023, the U.S. Supreme Court released a 5-4 decision against the IRS’s position on the imposition of nonwillful violations of timely Foreign Bank Account Reporting (“FBAR”) reporting ...

Since the Tax-Free Savings Account (TFSA) was introduced in 2009, it has been used by Canadians to earn investment income on a tax-free basis. Many U.S. citizens, however, have shied ...

In late 2017, the US Congress passed the Tax Cuts and Job Act (“TCJA”) which was signed into law by then President Trump on December 22, 2017.  One of TCJA’s ...

With current low capitalization rates in the Canadian real estate market, many Canadians are looking south of the border to the United States for higher returns on their real estate ...

If you feel like the IRS is not heeding your call, you are not alone.    As the IRS continues to dig itself out of its pandemic-induced backlog, taxpayer service has ...

The Canadian government has moved quickly to offer economic relief and adjust tax regulations to benefit businesses and workers hit by economic challenges. To help you get up to speed, ...

On July 14, 2021, Senate Majority Leader Chuck Schumer released a discussion draft of a detailed cannabis reform bill which, if enacted, would restore the deductibility of all expenses related ...