STOROSZKO & ASSOCIATES, US TAX SERVICES

Looking For Help With Cross Border US Taxes as a Canadian in the US?

Personal tax, Rental Income from US properties, Sale of US properties and Estate taxes all require expert handling to ensure the legal minimum taxes are paid and penalties avoided. Storoszko & Associates, US Tax Services provides professional cross-border accounting services to ensure your taxes are filed properly and on-time.


US CANADA TAXES: US Tax Issues for Canadians

In the United States, the income tax system is based on either citizenship or residence. This is not the case in Canada. Canadians living, working or owning property in the United States may find themselves taxed on their "world income" in both Canada and the U.S.

The U.S. tax system, administered by the IRS, is complex with many compliance and reporting requirements that are quite different from the Canadian system, administered by the CRA.

Do you know the difference between filing a 1040 return and a 1040NR return? Does your current tax preparer? Many tax preparers are not aware of the slight nuances and tax reporting differences between being an US tax resident and an US tax non-resident.

Engaging tax specialists with expertise in both the U.S. and Canadian tax systems may no longer be an option for most Canadians that have to deal with these complexities -- not an option, just good sense.

Contact Storoszko & Associates, US Tax Services at 647 872-8200 to discuss this or any other tax questions or issues you may have.