Knowledge – Stateside Tax Solutions

Forms that may be required for Form 1040 for Expats

Form 5471: Ownership in a Canadian Corporation (Foreign Corporation) U.S. citizens who reside in Canada owning at least 10% in...

The W8 Form: Who It’s For and What It Does

You must give Form W-8BEN to the withholding payer if you are a nonresident alien who is the beneficial owner...

Non-Taxable in Canada Means Non-Taxable in the U.S.

Correction: With the Principal Residence Exemption, a U.S. citizen may exclude from income up to $250,000 of gains realized on...

Who Must File an FBAR?

US citizens living in Canada typically hold Canadian bank and investment accounts. United States citizens are required to file an...

Three things Canadians should know before selling U.S. real property.

The following are key tax issues for a Canadian resident planning to sell personally owned U.S. real estate. Canadians who...

US Tax Updates and Filing Requirements for Americans in Canada

Americans in Canada must file U.S. taxes on their worldwide income, even if they did not reside in the U.S....

What you need to know about FBAR filings.

US citizens living in Canada need to file a form annually to report their Canadian bank information. This form is...

When to use the W-8Ben Form?

You may have heard of the W-8-BEN form and wondered whether U.S. Citizens are required to file it. The W-8Ben...

Do I need to file?

Every day I receive calls from people asking the same question: “As a United States (U.S.) citizen earning Canadian income,...

How to Avoid Double Taxation

U.S. citizens must file based on worldwide income and can use the earned income exclusion or foreign tax credits for...

Canadians with US Rental Properties

If you are a Canadian citizen and own residential rental property in the United States, you are required to comply...