If you are an American citizen living in Canada you will need to file a Canadian tax return and a U.S. tax return. We help Americans living in Calgary, AB become filing compliant including 1040 forms and FBAR reporting.
At Robert A. White, CPA, we strive to take the stress out of U.S. taxes. The US government imposes tax on all US citizens, Green Card holders and residents on their worldwide income regardless of where they live and which country they call "home." American citizens face potential penalties if they don't report their income and assets to the IRS and can be taxed on money earned in Canada including investment interest.
Besides the annual 1040 reporting, the Report of Foreign Bank and Financial Accounts, in short, FBAR reporting may also be required. Failure to comply with these reporting requirements might incur US taxpayers significant penalties.
A simple Federal, State and FBAR US tax return package starts at only $850. Don't trust your tax preparation to just anyone.
U.S. tax returns are due on June 15. Call us today to schedule your appointment.
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