Form 1040 for U.S. Individual Income Tax Requirements

Things you need to know when it comes to U.S. taxes for individuals: General filing requirements

Author: Cyndy Packard Osode, CPA, CA, CPA (TX, USA), CGMA A U.S. filing requirement generally applies to individuals who are U.S. citizens, U.S. lawful permanent residents, and other individuals who earn income from U.S. sources. Do you fall into any of these categories? If yes, you’ll want to read this third article in our series on U.S. tax filing obligations. U.S. Tax Filing Requirements Many people are now aware that the United States is one …

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House with U.S. money and U.S. tax returns indicating your responsibilities as a U.S. citizen.

Things You Need to Know When it Comes to U.S. Taxes For Individuals: Accidental Americans

Author: Cyndy Packard Osode, CPA, CA, CPA (TX, USA), CGMA  It is becoming more well-known that United States citizens have income tax filing requirements from their home country, regardless of where they reside. However, there are some people who do not know they hold U.S. citizenship. Are you potentially one of these “accidental Americans”? Read on to learn more … What is an “accidental American”? An “accidental American” is someone who has inadvertently acquired U.S. …

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Canadian flag overlayed on U.S. currency to highlight mistakes Canadians make with U.S. taxes

Mistakes Canadians make with U.S. taxes

Author:  Cyndy Packard Osode, CPA, CA, CPA (TX, U.S.A), CGMA Tax requirements in the United States are quite different than those of other countries around the world. This article will outline some of the common mistakes Canadians make when it comes to U.S. taxes. Do you recognize yourself in any of these scenarios …? Not filing a U.S. tax return when required The United States is one of the few countries in the world that …

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Important Changes Ahead of us for Tax Amnesty Programs

Important Changes Ahead for U.S. Tax Amnesty Programs

Over the past several years, the IRS has implemented various amnesty programs aimed at reducing the number of delinquent US tax filers. Earlier this year, the IRS announced that one of these programs – the Offshore Voluntary Disclosure Program (OVDP) – would end on September 28, 2018. More than 56,000 taxpayers have taken advantage of this program under which the IRS has collected more than $11.1 Billion in back taxes, interest and penalties. In the …

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