Whether for ideological reasons or tax complications, many people want to shed their U.S. citizenship.
The Clintons earned more than US$10 million in 2015, according to their tax return. Find out more about their investments and tax rate.
New rules target delinquent taxpayers
Expect changes to some offshore tax reporting forms and more IRS guidance on how to fill them out
But with careful planning, you can keep U.S. taxpayer clients’ PFIC headaches to a minimum.
U.S. clients in Canada have a bit of extra time to get their taxes in order next year. But what are their chances of being audited?
Your clients with U.S. citizenship will need to be more vigilant about filing U.S. taxes.
Clients fretting over FATCA? Not to worry: The IRS has put together an idiot-proof YouTube video series that walks viewers through the quirks of the agency’s byzantine forms.
Ultra high-net worth clients could face increased IRS scrutiny.
Don’t assume all Canadian mutual funds fall into the PFIC trap