Madan Internal Training


Madan Internal Training

Commonly Seen Credits & Deductions

This training material will cover common credits and deductions seen on a 1040 return. Continue reading

Madan Internal Training

Penalty Abatement Letter for TFSA

This is an example of an abatement letter requesting the IRS to waive the penalties for failure to file forms 3520 and 3520A for TFSA on time. Continue reading

Madan Internal Training

1040-NR Training for Employment Income

This case study involves the preparation of a U.S. 1040-NR (non-resident return) for a Canadian who is on a work assignment in the U.S.. Continue reading

Madan Internal Training

Capital Gains & Loss and Immigration/Emigration

This training material covers the sourcing rules for capital gains between Canada and the U.S., and provides an overview of capital gains issues that arise when immigrating to Canada or emigrating from Canada. Continue reading

Madan Internal Training

Canada-U.S. Tax Treaty & Dual Residency Training

This training material covers the concept of dual residency and the tie-breaker rules in the Canada-U.S. tax treaty. Continue reading

Madan Internal Training

Foreign Tax Credit Training

This training material explains the concept of foreign tax credits, and how they are computed for both U.S. and Canadian tax purposes. Continue reading

Madan Internal Training

Sourcing Rules for U.S. & Canadian income

This training material will explain how to source income between Canada and the U.S., based on the type of income earned. Continue reading

Madan Internal Training

Introduction to U.S. Income Tax

These slides provide an Introduction to U.S. Income Tax. Continue reading

Madan Internal Training

FBAR – Foreign Reporting Requirements

This training material covers foreign reporting requirements for individuals with the IRS, including the FBAR. Continue reading

Madan Internal Training

Departure Tax Election for U.S. Return

Attach this statement to a US tax return for a person entering the US in the year and leaving (departing) Canada in the year, if the person paid departure tax on Canadian assets. This disclosure allows the individual to increase the cost basis of his Canadian assets subject to departure tax for US tax purposes. Continue reading

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