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We always had a pilot or two in our client list but for some reason in 2024 we've become a pilot magnet, so here's a post on point....

Canadian NRA parent entirely funds an interest bearing account at TD Bank of Canada. Parent is primary account holder and adult child USC...

I tested out IRS's new Form 1042-S Data Integrity Tool at https://1042sdi.for.irs.gov/Account/LogIn?ReturnUrl=%2F This software program...

Canadians inherit pensions of deceased US resident relatives such as Teachers Insurance and Annuity Association of America (TIAA). IRS...

If you have seriously delinquent tax debt, IRC § 7345 authorizes the IRS to certify that to the State Department. The department...

See this 02-01-2023 article by Wooyoung Lee and Nina Krauthamer Ruchelman PLLC BACKGROUND Congress enacted the N.I.I.T. in 2012 as part...

A US citizen attending a qualified Canadian university, if eligible for American Opportunity Tax Credit (AOTC), could on a 1040 claim it...

For tax year 2021, individuals cannot claim to IRS the COVID-19 medical condition travel exception to exclude any days of presence in the...

The pictured CP566 IRS W-7 notice demonstrates both (i) the difference between CP566 where IRS requests info and CP567 (also pictured)...

[CAUTION TO APPLICANTS: do not use any CAA who doesn’t require seeing your actual passport as that’s an IRS violation that disqualifies...

It's almost never so. Applications are tricky, qualification or need is often tricky and expiry determination needs some attention. If...

One would think that the very first step of preparing a 1040 tax return – entering taxpayer’s name, would be the simplest and most...

Quick study of short term gain IRS vs CRA CANADA - For the past 20 years, capital gains in Canada have been 50% taxable. Depending on...

Before Covid-19, often this question boiled down to the time of year of closing and amount of money withheld. If both the amount of money...

If 8288-B isn’t filed, 8288/8288-A must be filed within 20 days of closing. If closing 8288-B is filed, 8288/8288-A must be filed before...

A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of...