Difference between revisions of "International Tax Services"

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Before leaving the United States, all aliens must obtain a certificate of compliance. This document, also popularly known as the sailing permit or departure permit, must be secured from the IRS before leaving the U.S. You will receive a sailing or departure permit after filing a Form 1040-C, U.S. Departing Alien Income Tax Return, or Form 2063, U.S. Effectively Connected Income, after allowable deductions, is taxed at graduated rates.<br><br>Are you selling to end users, or are you a wholesaler? Only retailers selling to end users are required to collect and remit sales tax. For example, if you own electronics store in NYC, and a customer comes in and buys an item in your store, you would apply 8.875% tax on top of the price paid by the customer. Then you are responsible to file a sales tax report to NY state and remit all the tax money collected from the customers.<br><br>After the quote is accepted, detailed information is collected through a secure private portal. Learn more about our process below under Learn More. Robert Kowalski is a seasoned incorporator and business filing specialist with over 10 years experience consulting emerging companies with their business filing needs.<br><br>CanadaIf the owner is a resident alien instead of a non-resident alien, S-Corps are favorable. Even if travel is not necessary due to wholesaling and the internet, customers in the U.S. are more likely to shop for services in the U.S.<br><br>The work is performed in Mexico and the owners are non-US citizens/residents, who are not taxed in US. Therefore, the LLC income is not taxed in the US as there are no offices or dependent agents in the US. A US-based LLC can have great tax advantages, especially for foreign entrepreneurs abroad.<br><br>For more information on resident and nonresident status, the tests for residence, and the exceptions to them, see Publication 519. The payees of a payment made to a foreign simple trust are the beneficiaries of the trust.<br><br>On the other hand – and most common – if you have a Foreign-owned Multi-Member LLC that is taxed as a Partnership, you are not required to file Form 5472 and Form 1120. Therefore, the Form 5472 and Form 1120 requirements do not apply to most Foreign-owned Multi-Member LLCs . The purpose of Form 5472 and these new regulations is to prevent foreigners from evading U.S. taxes and to close some loopholes that existed in the tax code.<br><br>These are the same rates that apply to U.S. citizens and residents. Effectively Connected Income should be reported on page one of Form 1040-NR, U.S.<br><br>Emerald Financial Services, LLC is a registered agent of Axos Bank. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Not available at all locations and to all applicants.<br><br>Loans are offered in amounts of $250, $500, $750, $1250 or $3,500. Approval and loan amount based on expected refund amount, ID verification, eligibility criteria, and underwriting. If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Tax returns may be e-filed without applying for this loan.<br><br>Investment income realized in the U.S. that is not from a U.S. source is usually taxed at the rate of 30% unless otherwise specified foreign corporation by treaty. They do not have to pay tax on foreign-earned income.<br><br>The payees of a payment made to a foreign grantor trust are the owners of the trust. However, the payee is the foreign simple or grantor trust itself if the trust is claiming treaty benefits on the basis that it is not fiscally transparent and that it meets all the other requirements for claiming treaty benefits.<br><br>Robert served as the chief editor and one of the top contributors to Answers @ MyUSACorporation.com. no matter what your situation is, it is always a good idea to consult a knowledgeable U.S. tax expert who will be able to analyze your specific situation, and give you qualified advice. Knowledge gained from this article will already save you some time, so you can focus on understanding the deeper issues related to your situation. Those $50 or $100 spent on a 30 minute tax consultation might be the best money spent on our business.<br><br>However, many resident aliens qualify for one of several exceptions to the residency requirements. If the company will be doing business in the US, then a corporation is the better choice. At Online Taxman, Vincenzo oversees corporate and individual filings. He specializes in offshore structuring for US entrepreneurs abroad and US real estate transactions by foreign nationals and funds. John has been with Online Taxman since the beginning and serves as partner and COO.<br><br>He is experienced in individual and small business taxation, holistic financial planning, as well as pensions and investments. Still, an LLC offers an easy option to formalize business operations and create partnerships.<br><br>It is impossible to know your specific tax obligations without a lot more information about your U.S. related business, so please use the information presented here for reference only. If you need more specific tax advice refer to the information at the end of this article. The taxation of an ESBT depends on the portion to which income is attributed. The H&R Block Emerald Prepaid Mastercard® is a tax refund-related deposit product issued by Axos Bank®, Member FDIC, pursuant to a license by Mastercard International Incorporated.<br><br>Additional fees, terms and conditions apply; consult your Cardholder Agreement for details. This is an optional tax refund-related loan from Axos Bank®, Member FDIC; it is not your tax refund.<br><br>Depending on the long term goals of the taxpayer he might at least defer paying US tax, but if he intends to bring that money back into the US at some point it will probably be taxed as foreign profits. There are some methods to further defer or avoid US taxation of repatriated profits, but it is a complex area of the tax code that is very specific to the taxpayer's situation and way beyond what we would attempt to explain here. It is called NRA (non-resident alien) withholding, meaning your payee keeps 30% of the sum they are paying you, and remits this sum to the IRS.<br><br>Just as you do in one state - have your CPA file reports in each state you are registered in for sales tax, and cut checks for each state . However, the real question is this - can you buy from U.S. vendors without having to pay sales tax on these purchases ? The answer is yes, provided you obtain sales tax ID.<br><br>We would be happy to have a 30 minute conversation about the services we provide such as helping with your unfiled FBARs, tax options available, or whatever else you would like to discuss. This informal conference cannot be considered a formal tax opinion, but it's a good place to start. We can talk by phone, Skype, Google Hangouts, or Zoom.<br><br>For tax years beginning after 2017, applicants claimed as dependents must also prove U.S. residency unless the applicant is a dependent of U.S. military personnel stationed overseas. A passport that doesn’t have a date of entry won’t be accepted as a stand-alone identification document for dependents. An ITIN is an identification number issued by the U.S. government for tax reporting only.<br><br>TurboTax has a partner for preparing non-resident alien returns called Sprintax (one "t"). If you need help with C corporation as a foreign shareholder, you can post your legal need on UpCounsel's marketplace.<br><br>If the beneficiaries or owners are themselves flow-through entities or foreign intermediaries, you apply the payee determination rules to that beneficiary or owner to determine the payees. Withholding foreign partnerships and withholding foreign trusts are not flow-through entities.<br><br>If you are non-resident alien you probably don’t have work permit, which means you cannot receive a salary as a resident alien or U.S. citizen would. Don’t try to figure this form out - it is our recommendation to hire a CPA to handle all your U.S. tax issues. You will also need to obtain ITIN, something your CPA will be in the best position to assist you with.<br><br>FDAP income is taxed at a flat 30 percent and no deductions are allowed against such income. FDAP income should be reported on page four of Form 1040-NR. If the sale of inventory is not treated as US business income, it must be shown as not effectively connected income .<br><br>This can be filed by the closing date to prevent the closing agent from sending the withheld tax to the IRS until after the IRS makes its determination, or after the closing date to request a refund from the IRS. Gains and losses from the sale or exchange of US real property interests are taxed as if you are engaged in a trade or business in the United States (IRC Sec. 897). You must treat the gain or loss as effectively connected with a trade or business, regardless of how you use the property.<br><br>There is no charge for this discussion, there is no obligation to use our services, and the conversation is strictly confidential. We must ask a few questions so we can send you a fixed-fee quote for your tax project. Although the questionnaire is secure, you will not be asked to reveal private personal or financial information.<br><br>In most cases, you treat a payee as a flow-through entity if it provides you with a Form W-8IMY on which it claims such status. You also may be required to treat the entity as a flow-through entity under the presumption rules, discussed later. If you make a payment to a U.S. person and you have actual knowledge that the U.S. person is receiving the payment as an agent of a foreign person, you must treat the payment as made to the foreign person. However, if the U.S. person is a financial institution, you may treat the institution as the payee provided you have no reason to believe that the institution will not comply with its own obligation to withhold.<br><br>A nonresident alien is a noncitizen who has not passed or is exempt from the green card or substantial presence tests. People in this category must include a statement that breaks down all income they received as a resident and as a nonresident. In this case, a tax home is usually considered to be either the principal place of business or the primary residence of the person in question. Aliens who can prove that they had a tax home in another country during the year and were not in the U.S. for 183 days during the year are usually not required to pay taxes in the U.S. even if they meet the standard residence test.<br><br>The rate of tax on net long-term capital gains ranges from 0 to 20%, depending the amount of your total taxable income. Federal treaty exemptions are allowed by most states. However, some states do not honor federal treaty exemptions. The states that tax treaty exempt income include Alabama, Arkansas, California, Connecticut, Hawaii, Kansas, Kentucky, Maryland, Mississippi, Montana, New Jersey, North Dakota, and Pennsylvania.<br><br>In most cases, the payee is the person to whom you make the payment, regardless of whether that person is the beneficial owner of the income. However, there are situations in which the payee is a person other than the one to whom you actually make a payment. Foreign persons who provide Form W-8BEN, Form W-8ECI, or Form W-8EXP are exempt from backup withholding and Form 1099 reporting.<br><br>Fees for other optional products or product features may apply. H&R Block does not provide audit, attest or public accounting services and therefore is not registered with the board of accountancy of the State in which the tax professional prepares returns. Starting price for state returns will vary by state filed and complexity.<br><br>The term "permanent establishment" is generally defined as a fixed place of business through which the business of an enterprise is wholly or partially carried on. Income that is not effectively connected with a U.S. trade or business is generally taxed at a flat rate of 30% on the gross amount (IRC Sec. 871). Deductions are not allowed to reduce this gross income. Since 1981, Harvard Business Services, Inc. has helped form 220,930 Delaware corporations and LLCs for people all over the world. Virginia residents who travel outside the country, or take up temporary or permanent residence abroad, should be aware of the filing provisions discussed below.<br><br>In addition, foreign owners should be aware of the LLC tax implications in their local fiscal residence jurisdictions. The income from the US LLC may still be taxed in the country of residence. The company can open an LLC to receive payments in USD in a US bank account.<br><br>We are deeply in love with Wyoming, but your chances of selling anything in that state are mostly close to zero, so you might not even need to worry about registering for sales tax there until you make a few Wyoming sales first. Does your business have nexus in any state that has sales tax? Nexus is physical connection, and we discuss it later in this article.<br><br>UpCounsel accepts only the top 5 percent of lawyers to its site. Lawyers on UpCounsel come from law schools such as Harvard Law and Yale Law and average 14 years of legal experience, including work with or on behalf of companies like Google, Menlo Ventures, and Airbnb. AustraliaIf the owner is a resident alien instead of a non-resident alien, S-Corps are favorable.<br><br>For example, treaties with several countries offer an exemption from taxation of U.S. sourced business income if your business does not have a permanent establishment in the United States. The term "permanent establishment" is generally defined as a fixed place of business through which the business of an enterprise is wholly or partially carried on. The best way to look at this is to consider any individual or entity that is even remotely connected to you to be a related party to your LLC, and talk to us about the activities of that person.<br><br>NEC income is taxed at a flat rate of 30% of gross with no offset for deductions. It is obviously better to take the position that such income is connected with a US trade or business. The term "trade or business within the United States" is not fully defined in the Code or Treasury regulations, and the IRS will not provide an advanced ruling on whether a taxpayer is engaged in a U.S. trade or business . Generally, whether or not a person is engaged in a USTB is determined on the basis of the facts and circumstances of each case.<br><br>Having an ITIN does not change your immigration status. You are required to meet government requirements to receive your ITIN. H&R Block provides tax advice only through Peace of Mind® Extended Service Plan, Audit Assistance and Audit Representation. One personal state program and unlimited business state program downloads are included with the purchase of this software. Enrolled Agents do not provide legal representation; signed Power of Attorney required.<br><br>If you have a Foreign-owned Multi-Member LLC that is taxed as a Partnership, you are not required to file Form 5472 and Form 1120. citizen who is currently residing in the United States.<br><br>You also may be responsible as a payer for reporting on Form 1099 payments made to a U.S. person. You must withhold 28% from a reportable payment made to a U.S. person that is subject to Form 1099 reporting if any of the following apply. There are multiple solutions to minimize or avoid estate and gift taxes, but such solutions require planning. You may have additional filing responsibilities if you have Yonkers income, or are subject to the MCTMT. You are a nonresident with New York source income and your New York adjusted gross income Federal amount column (Form IT-203, line 31) exceeds your New York standard deduction.<br><br>However, many other variables are present, such as state tax/trade laws, employees, leases, and company size. U.S. citizenship is not required when incorporating businesses in the U.S. since everyone applies for the same process. Nevertheless, incompatible languages and methods can be difficult. A foreign corporation is one that does not fit the definition of a domestic corporation. A domestic corporation is one that was created or organized in the United States or under the laws of the United States, any of its states, or the District of Columbia.<br><br>That’s why it’s also called "reseller permit" - you want to resell the products you buy at wholesale, to the end users, without being considered end user yourself. Check with a CPA if the state in which you obtain the permit requires you to file zero tax reports. If you register your company in Wyoming instead of Delaware, you add Wyoming as another state to collect sales tax in. Sounds inconvenient, but only if you assume that a serious number of consumers of your product are roaming the vast stretches of the least populated U.S. state.<br><br>We will determine whether there are transactions that must be reported on Form 5472. If the US sale of inventory is not treated as US business income, it must be shown as not effectively connected income . The term "trade or business within the United States" is not fully defined in the Code or Treasury regulations, and the IRS will not provide an advanced ruling on whether a taxpayer is engaged in a U.S. trade or business . Alternatively, Form 8288-B can be filed with the IRS to obtain a withholding certificate to reduce or eliminate the withholding.
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Cross Border Tax is about more than knowing the two sets of rules. An intermediary is only obliged to report if it has a Slovak presence (i.e. residency, permanent establishment, registration, is governed by Slovak laws, registration in professional tax/legal/similar consulting association).<br><br>We also consult businesses considering doing business in the U.S. or Canada. These services include tax planning and advice on incorporation and entity structure for corporations, partnerships and sole proprietorships transitioning from one country to another. Serbinski Accounting Firms specialize in Canadian and American cross-border taxation. As a cross border tax accounting firm, we bring over 30 years of international tax expertise to our clients in Canada and the U.S.<br><br>A move of this nature is complex as it involves understanding laws in multiple jurisdictions and how they interact. To learn more about us, please visit the Types of Clients or Services sections of our website. He practices in the areas of international tax and estate planning with a focus on Canada-U.S.<br><br>With offices in Toronto and Chicago, we are ideally poised to help clients on either side of the border, and are licensed to represent you in all states and provinces. Check with the tax authorities which rules apply to your case.<br><br>If there are no intermediaries, or if all the intermediaries are covered by a LPP,the taxpayer will be responsible for reporting. Where the LPP applies to an intermediary, it must inform other intermediaries/ taxpayers about their obligation to handle the reporting process. The reporting obligation will primarily apply to the intermediary (e.g. the advisor).<br><br>Canadian tax development discussions as a member of DFK Canada’s tax committee. Greenberg Traurig has broad international capabilities assisting clients in planning tax-efficient operations, structures, and financing, while taking into consideration U.S. and cross-border taxation. , an integrated offering that helps businesses sell internationally by managing the complexity of customs duty and import tax compliance. The new offering builds on Avalara’s range of technological solutions available to improve the cross-border compliance experience for businesses. We support every client, allowing them to feel confident when facing challenges that confront people who conduct business on both sides of the border.<br><br>Our offices will remain open during this crisis, and we encourage our clients to use our secure portal system rather then sending information by courier. In keeping with "social distancing" recommendations, we will not make in-person appointments in our offices during the crisis, but continue to be available by telephone and email. If you require a secure portal or if you have any questions about our COVID-19 safety procedures, please feel free to contact us. The aim of the standard is to limit the risk of client companies having to, retrospectively, pay contributions for temporary workers to the Dutch tax office and other authorities.<br><br>His practice is focused on assisting clients that face taxation in both Canada and  [https://www.wiki.lavoxpopuli.com/index.php?title=Irs_Form_8938_Filing_Requirements fbar maximum account Value] the U.S. As part of his practice, Jonah has guided countless Canadian clients through the US real estate process as buyer and seller. Licensed to practice law in British Columbia and California, Jonah can give advice on both sides of the border, and implement that advice to create tax efficient investment structures to suit client objectives. We are a cross border tax and financial planning firm with extensive experience working with Canadians moving to the US, Americans moving to Canada, US citizens living in Canada and professionals being relocated between both countries. There are many factors that go into a change in residency between Canada and US.<br><br>A waiver from reporting under the Legal Professional Privilege will apply for licenced tax advisors, lawyers, etc.<br><br>But, few though they are, there can be downsides to being an expatriate, and financial planning involving two countries can get rather complicated. This is particularly the case if you have UK property, receive income from the UK and/or have heirs living there. It can all be sorted out with research and planning, but you do need to make sure you understand all the rules, how they can apply to you and your family, and what steps you take to establish the best outcome. Justin supports the next generation of tax professionals through teaching Canadian income tax at Kings University in London, ON and volunteering in the grading of the Financial Planning Standard’s Counsel’s final examinations. He has also spoken at many events on cross-border estate planning and on the future of the profession and regularly participates in U.S.<br><br>Our accountants understand the interaction of the Canada U.S. Tax Treaty with domestic tax rules. Our services include compliance and research either through your firm, or directly to your client. Taxation can be the most complicated and stressful part of your international move. We are experts in income tax and estate-planning issues faced by individual Canadian and American expatriates living in their neighbouring country. A US Canada tax preparation expert will guide you through the minefield of double taxation and ensure you only pay what you are legally required.<br><br>Cross-border partnership structures can lead to complex tax situations. An entity may be taxed as a partnership in one country and a corporation in another, which can lead to double taxation of the income. We evaluate the entity's structure to determine which tax rules apply to maximize the tax benefits in both countries. Whether it’s employment income, other compensation, capital gains or real estate rentals, the complexities of the tax and compliance regulations require a serious understanding of the U.S.-Canada tax treaty. Altro LLP provides cross-border and domestic tax, estate planning, and real estate services to high net-worth individuals and families across Canada and the United States.<br><br>Mazura provides a specialist cross-border payroll service specifically for organisations which need to manage a contract or temporary workforce in the Netherlands – and for contractors who work in the Netherlands. I am a UK resident employee of a large Irish company and in mid-2017 I was offered a retirement package. ASM helped me through the process on both sides of the border, allowing me to retain the [https://iwtas.com/why-does-the-usa-employ-a-system-of-worldwide-taxation/ Fbar maximum account value] amount of my pension. ASM successfully argued with Revenue that no tax presence existed in Ireland and all tax deducted at source was refunded and subsequently arranged for gross payment status so we no longer suffered a deduction. We can devise a tax efficient structure to ensure tax is mitigated and profits are repatriated in an efficient manner.<br><br>We can help you develop a business plan, acquire the proper VISA, and setup your financial plan and cross border tax strategy. If you live a cross border lifestyle and do business or work in both countries, then you need to establish a cross border tax plan. Our team of cross-border tax planning professionals will assist you in implementing and developing an efficient cross border strategy. They work with you to legally and successfully reduce your tax liability in the U.S. and Canada to support your cross-border lifestyle.<br><br>Justin’s practice focuses on developing innovative solutions to tax and estate planning needs of individuals and businesses working and living in Canada and abroad. We offer corporate tax services to businesses opening cross-border branches or filing tax returns for expat employees.<br><br>We will be your authority with respect to all aspects of your cross-border tax needs. We can work with you as an individual, or we can contribute our specialized knowledge and services to work cooperatively with your other financial advisors. We also provide confidential services to lawyers, accounting firms, and other financial professionals who can benefit from our international tax expertise.<br><br>If you are an American moving to Canada or if you are a Canadian moving to the United States, it’s important to plan ahead so that you can minimize taxes. Our cross-border tax services is catered towards both individuals and corporations. We develop specific tax planning that minimizes your overall tax obligations through eliminating double taxation while ensuring full compliance with the IRS and CRA. For corporations that are looking to move and conduct business across the border, we can devise a cross-border corporate structure that will reduce overall tax liability. This experience enables Osler to provide comprehensive guidance; clients can obtain all of their business-critical advice from a single firm – an efficient and cost-effective solution.

Latest revision as of 06:35, 9 January 2021

Cross Border Tax is about more than knowing the two sets of rules. An intermediary is only obliged to report if it has a Slovak presence (i.e. residency, permanent establishment, registration, is governed by Slovak laws, registration in professional tax/legal/similar consulting association).

We also consult businesses considering doing business in the U.S. or Canada. These services include tax planning and advice on incorporation and entity structure for corporations, partnerships and sole proprietorships transitioning from one country to another. Serbinski Accounting Firms specialize in Canadian and American cross-border taxation. As a cross border tax accounting firm, we bring over 30 years of international tax expertise to our clients in Canada and the U.S.

A move of this nature is complex as it involves understanding laws in multiple jurisdictions and how they interact. To learn more about us, please visit the Types of Clients or Services sections of our website. He practices in the areas of international tax and estate planning with a focus on Canada-U.S.

With offices in Toronto and Chicago, we are ideally poised to help clients on either side of the border, and are licensed to represent you in all states and provinces. Check with the tax authorities which rules apply to your case.

If there are no intermediaries, or if all the intermediaries are covered by a LPP,the taxpayer will be responsible for reporting. Where the LPP applies to an intermediary, it must inform other intermediaries/ taxpayers about their obligation to handle the reporting process. The reporting obligation will primarily apply to the intermediary (e.g. the advisor).

Canadian tax development discussions as a member of DFK Canada’s tax committee. Greenberg Traurig has broad international capabilities assisting clients in planning tax-efficient operations, structures, and financing, while taking into consideration U.S. and cross-border taxation. , an integrated offering that helps businesses sell internationally by managing the complexity of customs duty and import tax compliance. The new offering builds on Avalara’s range of technological solutions available to improve the cross-border compliance experience for businesses. We support every client, allowing them to feel confident when facing challenges that confront people who conduct business on both sides of the border.

Our offices will remain open during this crisis, and we encourage our clients to use our secure portal system rather then sending information by courier. In keeping with "social distancing" recommendations, we will not make in-person appointments in our offices during the crisis, but continue to be available by telephone and email. If you require a secure portal or if you have any questions about our COVID-19 safety procedures, please feel free to contact us. The aim of the standard is to limit the risk of client companies having to, retrospectively, pay contributions for temporary workers to the Dutch tax office and other authorities.

His practice is focused on assisting clients that face taxation in both Canada and fbar maximum account Value the U.S. As part of his practice, Jonah has guided countless Canadian clients through the US real estate process as buyer and seller. Licensed to practice law in British Columbia and California, Jonah can give advice on both sides of the border, and implement that advice to create tax efficient investment structures to suit client objectives. We are a cross border tax and financial planning firm with extensive experience working with Canadians moving to the US, Americans moving to Canada, US citizens living in Canada and professionals being relocated between both countries. There are many factors that go into a change in residency between Canada and US.

A waiver from reporting under the Legal Professional Privilege will apply for licenced tax advisors, lawyers, etc.

But, few though they are, there can be downsides to being an expatriate, and financial planning involving two countries can get rather complicated. This is particularly the case if you have UK property, receive income from the UK and/or have heirs living there. It can all be sorted out with research and planning, but you do need to make sure you understand all the rules, how they can apply to you and your family, and what steps you take to establish the best outcome. Justin supports the next generation of tax professionals through teaching Canadian income tax at Kings University in London, ON and volunteering in the grading of the Financial Planning Standard’s Counsel’s final examinations. He has also spoken at many events on cross-border estate planning and on the future of the profession and regularly participates in U.S.

Our accountants understand the interaction of the Canada U.S. Tax Treaty with domestic tax rules. Our services include compliance and research either through your firm, or directly to your client. Taxation can be the most complicated and stressful part of your international move. We are experts in income tax and estate-planning issues faced by individual Canadian and American expatriates living in their neighbouring country. A US Canada tax preparation expert will guide you through the minefield of double taxation and ensure you only pay what you are legally required.

Cross-border partnership structures can lead to complex tax situations. An entity may be taxed as a partnership in one country and a corporation in another, which can lead to double taxation of the income. We evaluate the entity's structure to determine which tax rules apply to maximize the tax benefits in both countries. Whether it’s employment income, other compensation, capital gains or real estate rentals, the complexities of the tax and compliance regulations require a serious understanding of the U.S.-Canada tax treaty. Altro LLP provides cross-border and domestic tax, estate planning, and real estate services to high net-worth individuals and families across Canada and the United States.

Mazura provides a specialist cross-border payroll service specifically for organisations which need to manage a contract or temporary workforce in the Netherlands – and for contractors who work in the Netherlands. I am a UK resident employee of a large Irish company and in mid-2017 I was offered a retirement package. ASM helped me through the process on both sides of the border, allowing me to retain the Fbar maximum account value amount of my pension. ASM successfully argued with Revenue that no tax presence existed in Ireland and all tax deducted at source was refunded and subsequently arranged for gross payment status so we no longer suffered a deduction. We can devise a tax efficient structure to ensure tax is mitigated and profits are repatriated in an efficient manner.

We can help you develop a business plan, acquire the proper VISA, and setup your financial plan and cross border tax strategy. If you live a cross border lifestyle and do business or work in both countries, then you need to establish a cross border tax plan. Our team of cross-border tax planning professionals will assist you in implementing and developing an efficient cross border strategy. They work with you to legally and successfully reduce your tax liability in the U.S. and Canada to support your cross-border lifestyle.

Justin’s practice focuses on developing innovative solutions to tax and estate planning needs of individuals and businesses working and living in Canada and abroad. We offer corporate tax services to businesses opening cross-border branches or filing tax returns for expat employees.

We will be your authority with respect to all aspects of your cross-border tax needs. We can work with you as an individual, or we can contribute our specialized knowledge and services to work cooperatively with your other financial advisors. We also provide confidential services to lawyers, accounting firms, and other financial professionals who can benefit from our international tax expertise.

If you are an American moving to Canada or if you are a Canadian moving to the United States, it’s important to plan ahead so that you can minimize taxes. Our cross-border tax services is catered towards both individuals and corporations. We develop specific tax planning that minimizes your overall tax obligations through eliminating double taxation while ensuring full compliance with the IRS and CRA. For corporations that are looking to move and conduct business across the border, we can devise a cross-border corporate structure that will reduce overall tax liability. This experience enables Osler to provide comprehensive guidance; clients can obtain all of their business-critical advice from a single firm – an efficient and cost-effective solution.