Nuptials May Bring New Tax Obligations Planning a wedding can be an exciting and stressful time in a couple’s life. There’s so much to think about – the flowers, the cake, the venue, the fact that you are a U.S. citizen and your spouse-to-be owns a Canadian corporation… Oh. You hadn’t thought about that yet? If you are a U.S. citizen who is about to marry a Canadian, and that … [Read more...] about Crossborder Marriage and the IRS
The ability to send children abroad for school can mean valuable learning opportunities and experiences. But if you, or your advisors, aren’t versed on the rules of Canadians attending school in the U.S., it can also mean significant U.S. tax exposure. Without the proper guidance, you run the risk of allowing the long arm of the Internal Revenue Service (IRS) access to your student’s individual … [Read more...] about Sending Your Child to a U.S. School? The IRS Wants to Know.