This course is from the 2015/2016 series
Making an error in preparing a cross-border U.S. tax return can lead to significant tax costs, including interest and penalties.
This course is relevant for any practitioner who prepares U.S. tax returns for Canadian companies — or their employees — that are doing business in the United States, individuals with cross-border business activities, or if you have involvement with the preparation of U.S. tax returns.
Topics to be covered include:
- Residency determination
- Joint returns with non-US citizens
- Proper filing after renunciation/green card relinquishment
- Disclosure errors
- Foreign Tax Credits
- Foreign Earned Income Exclusion vs. Foreign Tax Credits
- US rental income errors
- Using an LLC as an investment vehicle for a Canadian with US investments
- Estate freezes
- State tax issues