Your client may be a U.S. citizen — and not know it

A blog post on the O’Sullivan Estate Lawyers website explains some Canadians are U.S. citizens – and don’t even know it.

“If you were born in the 1960s or 1970s in Canada to one U.S. citizen parent, and prior to your birth that parent lived continually in the U.S. until age 18, you may be a U.S. citizen. There are also other types of ‘accidental’ Americans, including a child born in a U.S. hospital, perhaps near a border town or while their Canadian parents lived in the U.S. for employment reasons,” post says.

Read more here on the tax implications.

Also read:

Does your client have U.S. tax risk?

Ask clients about cross-border activities

IRS issues guidelines for tax compliance

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.