International Tax Accountants -
US & Canada Tax Preparation

 

Are you looking for an international tax accountant to help with US - Canada or Canada - US tax preparation?

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. 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.

 

 

How to Get Started:

  • Search this site, or navigate to a subject area on the left panel
  • Participate in our Interactive Forum. (Our forum contains a wealth of cross border tax and immigration information.)
  • Book an “Initial Consultation” with Mark T. Serbinski
    • Book your consultation now if you need your 2013 or prior year income tax returns prepared.  Click on the above link for further information.
  • View or download current tax articles.
  • Contact us for information.

 

Client Login and File Upload:

 

 

Prepaid Audit Assurance Program:

As a result of the likelihood of increased government scrutiny of all returns filed, we have this year implemented our "Prepaid Audit Assurance Program".  Under this Program, we cover the costs of representation in the event you are audited.

 

 

New Developments in International Taxation

Effective July 1, 2014, there are 4 new options available for U.S taxpayers to become compliant with their past tax and international information reporting regarding foreign financial assets. 

 

 

FATCA Comes Into Force on July 1, 2014

All financial institutions outside the U.S. are gearing up to report details of accounts held by U.S. citizens or former U.S. residents as the FATCA legislation comes into force.

 

 

The Streamlined Filing Compliance Procedures

Effective July 1, 2014, the IRS announced it has expanded the Streamlined Filing Compliance Procedures for non-resident, non-filer taxpayers to include taxpayers who reside in the United States.  The modified Streamlined Filing Procedures are available for individual taxpayers (including estates) to:

  • File amended or delinquent returns together with any international information returns
  • Provide terms for the taxpayer to resolve their tax and penalty obligations.

 

 

US Citizens Holding RESP and TFSA Accounts

Important Filing Requirements

  • The IRS consider these plans to be foreign grantor trusts and as such are required to complete two additional forms.
  • Annual Information Return of Foreign Trusts must be filed by the 15th day of the 3rd month following the end of the trust’s year end.
  • Penalties, if not timely filed, incomplete or incorrect, start at 5% of the trust value or $10,000 (whichever is greater)

 

 

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.

We offer corporate tax services to businesses opening cross-border branches or filing tax returns for expat employees. 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.

We also provide confidential services to lawyers, accounting firms, and other financial professionals who can benefit from our international tax expertise. 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.

Contact us to book your initial consultation with a cross border tax accountant, in the country where you reside.

 

Hot Topics:

Options for U.S. Taxpayers to Disclose Foreign Financial Assets                                                             IRS has announced  four new filing options for U.S taxpayers living abroad.

Fifth Protocol
How the fifth protocol to the Canada U.S. Treaty Affects you.

 

Streamlined Filing Compliance Procedures

July 1, 2014 the IRS expanded the Streamlined Procedures to include taxpayers who reside in the United States. 

 

Renouncing U.S. Citizenship
Effect of expatriation on U.S. tax - Mark to Market realization of capital assets.

 

Significant U.S. Tax Changes for 2013 (2014 Filing Season)