ATTENTION!
U.S. Citizens Living in Canada
Great news for U.S. citizens living in Canada. As we expected, the U.S. Ambassador to Canada has announced that the U.S. government will be waiving penalties for U.S. citizens living in Canada who file their U.S. information returns and income tax returns properly and owe no tax to the U.S. government. Click Here to read the full article.
For those who have applied under the U.S. Voluntary Disclosure program, you can relax – the 5% penalty will not be applied to your accounts, and the I.R.S. will refund that money to you if you have already repaid it. For those who did not to apply under the U.S. Volluntary Disclosure Initiative ("VDI"), you have a limited time to come into compliance with U.S. tax laws. We strongly recommend that you CONTACT US to prepare your income tax returns and disclosures immediately. Failure to comply with U.S. tax rules could result in problems crossing the international borders between the U.S. and Canada, and the U.S. penalties can be very costly. Canada Revenue Agency will even assist in the collection of the IRS penalties. YOU NEED TO ACT IMMEDIATELY!
If you have not filed all of your past U.S. income tax returns and other disclosures and need help, or if you have any other Canadian or U.S. tax issues, please CONTACT US TODAY!.
Welcome to Miles & Co.
Income tax is a serious matter for our clients. Whether it's Canadian or International tax planning, assistance obtaining Canadian corporate tax credits, or filing Corporate, Estate or Personal income tax returns, Miles & Co. Chartered Accountants can help you and your business navigate any tax issue.
And if tax disputes arise, we are here to help. Our team has assisted clients and their accountants resolve problems in all areas of tax. Our "Professional Advisor" program is available to other accountants that require specialized tax support for their clients.
We take tax very seriously. That's why all of the Chartered Accountants at Miles & Co. have specialized in tax throughout their careers. Experience, knowledge and service at affordable rates. We're here to help.
Starting or Expanding Your Business in Canada?
Income tax is a serious matter for our clients. Whether it's Canadian or International tax planning, assistance obtaining Canadian...
