There are well over a million US citizens residing in Canada. Additionally, there are many Canadian citizens who were born in the US, or who have lived and worked there and later returned to Canada. Over the last few years the US government has stepped up its pursuit of Americans residing abroad who are not tax compliant. Americans Living in Canada – Smile, The IRS is Watching You, provides a detailed review of the tax compliance requirements, consequences and opportunities & pitfalls for US persons living in Canada.
Americans Living in Canada – Smile, The IRS is Watching You addresses many issues that may be affecting you or your clients. The book has four sections:
› Dual Status Taxpayers
› Income Tax Compliance
› Living and Dying with US Transfer Taxes
› Trust and Estate Planning for Americans in Canada