2,121 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
Page 80 of 89, newest first.
SDOP and SFOP are one streamlined program with two tracks. Miss the non-residency call and a $500,000 balance costs $25,000 instead of zero.
US TaxA self-directed IRA can buy real estate, but if the IRA uses a mortgage (non-recourse debt) to fund the purchase. Covers key rules, filing requirements,.
Cross-BorderSelling a US vacation rental as a Canadian resident triggers filings on both sides of the border, and the sequencing matters.
Tax PlanningFederal agencies report their performance against these goals annually, and procurement officers face real pressure to meet them.
Cross-BorderThe complete tax picture when a Canadian snowbird rents a Florida condo on Airbnb part of the year: US reporting, the 871(d) election, IRC 280A.
Cross-BorderA Canadian spousal trust lets you transfer property to a trust for your spouse's benefit without triggering an immediate tax bill.
US TaxA short-term rental with an average stay of 7 days or less is not a rental activity for passive loss rules. Yes, if two conditions are met.
Cross-BorderAn RRSP gets treaty deferral and no Form 3520. A TFSA gets neither, and the IRS hasn't ruled on whether it's a foreign trust. How each account goes into a streamlined filing.
Cross-BorderIf your bank in London, Frankfurt, Tel Aviv, Dubai, Singapore, or Sydney sent you a letter asking for a US tax identification number you don't.
Cross-BorderAfter you submit streamlined returns and FBARs, here's what the IRS actually does with them, the real audit risk, and what you owe going forward.
Cross-BorderA snowbird who crossed the substantial presence threshold may owe no US tax but face steep FBAR and Form 8938 penalties. Streamlined filing closes the gap.
Cross-BorderStreamlined filing isn't a rubber stamp. The IRS rejects incomplete packages, wrong track selections, and weak non-willfulness certifications.
Cross-BorderA streamlined catch-up is already a reconstruction project: three years of returns, six years of FBARs, one non-willfulness statement.
Cross-BorderMost IRS streamlined guidance reads as if you're a single filer. You have unreported accounts, you file the package, and you're done.
Cross-BorderRetirees collecting CPP, OAS, RRIF, or private pensions in Canada can catch up through SFOP with zero penalty. Covers treaty provisions, foreign tax.
Cross-BorderSelf-employment makes streamlined filing harder and costlier: Schedule C, SE tax in arrears, estimated tax penalties that survive, Form 5471, QBI.
Cross-BorderYou filed the streamlined package. Three years of federal returns, six years of FBARs, the certification, maybe the 5% penalty check.
Cross-BorderThe Streamlined Foreign Offshore Procedures (SFOP) is the IRS's catch-up program for US citizens and green card holders who actually live outside.
Cross-BorderUsually yes, but the green card raises a second question streamlined alone doesn't answer: are you still a US tax resident, and do you want.
Cross-BorderThe non-willfulness certification, Form 14653 if you live outside the United States, Form 14654 if you live inside it. Covers key rules, filing.
Cross-BorderThe IRS Streamlined Filing Compliance Procedures are the most commonly recommended path for US persons who are behind on their offshore reporting.
Cross-BorderCanadian mutual funds are PFICs, RRSP and TFSA holdings included, and each needs its own Form 8621 every covered year. Covers treaty provisions, foreign.
Cross-BorderA testamentary trust is any trust that arises on (and because of) a person's death, typically created by a will. Covers key rules, filing requirements,.
US TaxAn owner-operator's bookkeeping determines the tax bill, the audit risk, and whether they know if they're making money. Covers essential practices,.