US Tax Accountant Downtown Toronto
- Canadians doing business or working in the US
- Americans doing business or working in Canada
Create New opportunities – US Tax Accountant Downtown Toronto
Canadian businesses are looking south of the border to create new opportunities. While technology has made it easier to conduct international cross-border transactions, the United States tax code remains as complex as ever. For corporations and individuals that travel between the US and Canada, working through tax obligations can often become so complex that it may negate any positive net transaction.
If you are in need of personal or corporate cross-border US tax services in downtown Toronto and the surrounding areas, Toronto Tax Consulting can help. We have experience with US and cross-border tax services, We are very familiar with tax guidelines and regulations in both the United States and Canada.
US Tax Accountants Helping You File in US and Canada – US Tax Accountant Downtown Toronto
Taxation can be one of the most frustrating and complex parts of conducting cross-border business. As experts in US-Canada income taxes, our team can guide you through the potential pitfalls of double taxation and help you pay only what you legally owe. We will also assist you in understanding and exercising your rights established in the United States-Canada Income Tax Treaty.
Whether you are starting a company branch across the border, or completing tax returns for yourself or expatriate employees, our US tax accountants can provide advice and services you can apply toward your future success. Call Toronto Tax Consulting for assistance in filing tax returns in the United States and Canada.
Looking to Expand to the United States or Canada?
US Tax Accountant Downtown Toronto
At one time or another, many Toronto businesses have felt the allure of cashing in on the United States’ lucrative business climate. Our cross-border tax advisors can help you determine if your expansion plan is feasible. We can also advise you on corporation entity structuring, incorporations, partnerships, as well as transitioning sole and joint proprietorships that are transferring from Canada to the United States (and vice-versa).
Recent IRS Changes Affecting Residents Residing in the US and Abroad – US Tax Accountant Downtown Toronto
In June 2014, the US Internal Revenue Service revised the offshore voluntary compliance program and further streamlined the filing process for people who live in both the US and other countries. To speak to a tax advisor about this or other issues call (416) 628-7824 Ext.2
If you have specific tax questions, or if you would like to speak with one of our tax advisors, please feel free to contact Toronto Tax Consulting today.
Locations in Downtown Toronto
US Tax Accountant Downtown Toronto
Downtown Toronto
Toronto Tax Consulting (Head Office)
401 Bay Street Suite 1600
Toronto ON M5H 2Y4
Tel: 416-628-7824 Ext.2
Downtown Toronto (Evening & Weekend)
Toronto Tax Consulting
1 Dundas St W Suite 2500
Toronto ON M5G 1Z3
Tel: 647-951-4852 Ext.2
Downtown Toronto
International Tax Advisor Office
161 Bay St. 27th Floor
Toronto ON M5J 2S1
Tel: 1-800-693-5950
US Tax Services we offer:
US Tax Accountant Downtown Toronto
- US Corporate and individual federal and state tax compliance
- US Corporate federal and state tax advice and planning
- State sales tax
- Obtain IRS return transcript (similar to Notice of Assessment from CRA)
- Help with CRA’s requirement for allowing foreign tax credit claim of taxes paid to USA
- Obtaining corporate employer identification numbers (EIN) Form SS-4
- Obtaining individual taxpayer ID numbers (ITIN) Form W-7
- US Real estate sales and related withholding tax issues
- US Real estate rentals and related withholding tax issues
- Federal and State Tax Controversy & Notice Services
- Federal and State Tax Penalty Abatement Services
- US Withholding Tax Advice & Compliance Reporting – including withholding refund claims
- US citizens in Canada needing to file US returns for US immigration or citizenship renunciation purposes
- Tax Preparation of Federal & State Tax Returns for US Citizens living in Canada
- Tax Preparation for Non-Residents
- Tax Preparation for Resident Aliens
- Tax Preparation for dual-status residents in the US
- Getting Refunds from IRS for withheld taxes
- Claiming Tax Treaty Benefits
- Advice for Back Tax Filings (IRS Streamline Filings)
- International information returns
- Self-Employment Taxes for Foreign sourced Income
- Corporation income tax return for foreign Corporations (1120F)
- Corporation income tax return for C-Corporations (1120)
- Corporation income tax return for S-Corporations (1120S)
- Partnership income tax return (1065)
- Income tax returns for Limited Liability Companies (LLC)
- Protective tax returns for Canadian Corporations
- Treaty-based positions for E-commerce and online businesses operating from Canada
- Information returns
List of US tax returns and forms used by different categories of taxpayers related to Canada and the U.S.:
US Tax Accountant Downtown Toronto
Canadian Taxpayers or Americans Living in Canada
US Tax Accountant Downtown Toronto
- Form 1040 – U.S. Individual Income Tax Return
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 1040X – Amended U.S. Individual Income Tax Return
- Form 2555 – Foreign Earned Income
- Form 8938 – Statement of Specified Foreign Financial Assets
- Form 1116 – Foreign Tax Credit (Individual, Estate, or Trust)
- Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
- FBAR (FinCEN Form 114) – Report of Foreign Bank and Financial Accounts
Canadians Who Own U.S. Corporations
US Tax Accountant Downtown Toronto
- Form 5471 – Information Return of U.S. Persons With Respect To Certain Foreign Corporations
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
- Form 1120 – U.S. Corporation Income Tax Return
Americans Doing Business in Canada
- Form 8833 – Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)
- Form 1120-F – U.S. Income Tax Return of a Foreign Corporation
U.S. Trusts and Estates
- Form 3520 – Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts
- Form 3520-A – Annual Information Return of Foreign Trust with a U.S. Owner
- Form 1041 – U.S. Income Tax Return for Estates and Trusts
Non-Residents of the U.S.
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 8840 – Closer Connection Exception Statement for Aliens
Canadians Who Own American Real Estate
US Tax Accountant Downtown Toronto
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 8288 – U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests
- Form 8288-A – Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests
- Form 1040NR – U.S. Nonresident Alien Income Tax Return
These forms cover a range of tax obligations and reporting requirements for individuals and entities involved in cross-border activities between Canada and the U.S.