8833 Treaty Statements

This training material gives real examples of treaty statements (pursuant to the Canada U.S. Tax Treaty) that an individual can use when filing a U.S. tax return. Form 8833 should be attached to the individual’s us tax filing.

1040 Case for John Doe (Employment Income, Foreign Wages & Rental Income)

This case is for the preparation of a 1040 return for John Doe who is a U.S. resident and non-resident of Canada. He has foreign wages from Canada, a W2, rental income, and other income. Please prepare a 1040 return and a Non-Resident Canadian return (T4 income).

1040-NR (U.S. Non Resident Alien) Training

This material covers topics specific to non-resident aliens of the US, and the basics of preparing a 1040-NR return. This training includes: Introduction to 1040-NR Advance 1040-NR Topics Case Study for 1040-NR return

Filing Status, Standard Deduction & Itemized Deduction

This training material reviews the different filing status available when preparing a 1040 return, and the difference between the standard deduction and itemized deductions.

Commonly Seen Credits & Deductions

This training material will cover common credits and deductions seen on a 1040 return. This includes: Tuition tax credits Child/additional child tax credits Child and Dependent Care Credit Moving Expense

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.

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..

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.

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.

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.

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.

Introduction to U.S. Income Tax

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

FBAR – Foreign Reporting Requirements

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

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.

Dual Status Statements (Entering and Leaving)

See below statements that should be attached to a dual status return when entering or leaving the US.

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