Tag: US Individual Tax

US & Canadian Cross-Border Tax Service - Cross-Border Financial Professional Corporation - US Individual Tax

Key COVID-19 Benefits for US Citizens and Residents

For many individuals including US expats, the impacts of COVID-19 have been significant. Fortunately, the IRS is providing some key tax-related benefits individual taxpayers should be aware of. (more…)
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Should the Sale of a Canadian Principal Residence Be Avoided When Subject to U.S. Taxation?

Your principal residence is likely one of, if not your largest asset. As a dual U.S. and Canadian tax filer, planning for the tax implications is key. (more…)
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Do I need to File a US Tax Return?

Do I need to File a US Tax Return? If you are a US Citizen, Resident Alien (Green Card holder, or deemed US resident), or a non-resident with certain US source income, the answer may be, “Yes.” US Citizen or Resident Alien? Figuring out whether…
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Due Dates for US Tax Returns

Due Dates for US Tax Returns Preparing to file both your US expat returns and Canadian income tax returns at the same time can be challenging. Good news! Many individuals outside the US qualify for an automatic two-month extension on their US income tax returns.…
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