U.S. Canada Cross Border Taxes

If you plan to relocate or work overseas or Canada as an U.S. citizen or green card holder, it is critical to understand how this significant life change will impact your residency from a U.S. tax standpoint so that you can prepare for and understand your U.S. tax obligations.
Raj Pandher provides you with peace of mind that your U.S. and Canadian tax returns and disclosures are complete, in accordance with current income tax legislation and that you are receiving the most advantageous solution for your situation.

U.S. citizens or green card holders living in Canada or anywhere abroad are required to file U.S. income tax returns, even if they have no income from U.S. sources or a U.S. tax payable, and regardless of how long they have been away.
In fact, many Americans living abroad are under the impression that if their annual income is less than the Foreign Earned Income Exclusion, they don’t have to submit a US return each year. This is incorrect. In order to claim the Foreign Earned Income Exclusion, a US return must be filed by a taxpayer every year.

U.S. citizens and green card holders living and working in Canada or anywhere outside the United States must report their all-worldwide income on their U.S. tax return according to U.S. tax law. This can be more difficult than simply preparing and submitting an IRS Form 1040: there are frequently tax computations and disclosures in expatriate tax returns that most domestic tax accountants might overlook or be unfamiliar with.

Raj Pandher is your go-to-guy in the area of U.S. Canada Cross border taxes who is always up to date on worldwide tax regulations and possesses required knowledge and experience to help US expatriates fulfill their tax obligations in the United States.

As a U.S. and Canadian CPA, Raj identifies areas in your present tax situation that may create cross-border tax and compliance difficulties—both now and in the future—and works alongside you to ensure you’re fulfilling your US tax obligations and avoiding double-taxation while minimizing overall taxes payable.

Raj Pandher can assist you with following services but not limited to:

US Personal Income Tax Compliance Services

• • • US federal 1040 & state personal income tax returns for U.S. persons, including various annual information returns forms such as 5471s, 3520/3520As, 8621s, 8858s and 8865s
    • US federal 1040NR & state non-resident alien income tax returns
    • US federal 706 estate & 709 gift tax returns
    • US expatriation tax returns
    • US federal 1041 & state income tax returns for estates & trusts
    • Annual filing of form FinCen 114 (FBAR) with Department of U.S. Treasury
    • Preparation of U.S. annual information forms such as W-2s/W-3, 1099-Misc, 1042-S, and 8288/8288-A (FIRPTA tax withholdings)
    • S. voluntary disclosure programs for non-compliant U.S. taxpayers, such as Streamlined Filing Compliance Procedures (Domestic & Offshore) & Relief Procedures for Certain Former Citizens
    • T1135 foreign income verification filings
    • Delinquent International Information Return Submission Procedures (“DIIRSPs”) & Delinquent FBAR Submission Procedures (“DFSPs”)
    • Representation and liaison with the Internal Revenue Service (IRS) and various state tax authorities (including California Franchise Board (CFB) and New York State Department of Finance & Taxation) to resolve tax disputes and respond to tax audits

US Personal Income Tax Planning & Consulting Services

• • • Consultation on various U.S-Canada cross-border tax issues
    • US estate & gift tax planning and analysis of corresponding tax implications for Canadian purposes
    • US expatriation tax planning
    • US pre-expatriation planning to eliminate the covered expatriate status
    • US cross-border financial planning
    • US cross-border investment planning, including investment in U.S. real property under FIRPTA
    • Planning related to the transfer of IRA, 401k, and US investments to Canada
    • US tax consequences to U.S. persons owning RRSP/RESP/TFSA/Mutual funds in Canada
    • US tax consequences to U.S. persons living in Canada and owning shares in Canadian private corporations, including 951A GILTI income, Subpart F income, and PFIC issues
    • In-depth analysis of U.S. Canada Tax Treaty applications to U.S. persons living in Canada
    • Canadian inheritance, wealth transfer, and estate tax planning services
    • Proactive tax and financial planning for U.S. persons immigrating to Canada

US Corporate Tax Compliance Services

• • • US federal 1120/1120-F and state corporate income tax returns for U.S. corporations and foreign corporations in Canada
    • US federal 1065 and state partnership income tax returns for U.S. partnerships and foreign partnerships in Canada
    • Filings of U.S. federal elections under the U.S.-Canada Tax Treaty
    • Preparation of various information return forms, including tax withholding slips
    • Planning and analysis of transactions subject to U.S. federal and state withholding taxes
    • Representation and liaison with the Internal Revenue Service (IRS) and various state tax authorities (including California Franchise Board (CFB) and New York State Department of Finance & Taxation) to resolve the tax disputes and respond to the tax audits.

US Corporate Tax Planning & Consulting Services

• • • Consultation on cross-border business structuring, including assistance in the setup of U.S. entities such as LLCs and C-Corps in the U.S.
    • Canadian tax consequences to U.S. persons and Canadians owning the US entities, including foreign affiliate analysis
    • Corporate tax and investment planning for the foreign corporations investing in U.S. real property under FIRPTA
    • Analysis of permanent establishment (PE) under the U.S.-Canada Tax Treaty
    • Analysis of state economic nexus for state corporate income and sales taxes