US TAX SERVICES
At MAC LLP we offer a holistic approach in all aspects of our services and this extends to our US tax practice as well. We are proud to be a top competitor in our region offering outstanding US tax services for our clients. We work alongside the Canadian tax practice as well as with our client’s investment advisors to provide the most effective and efficient preparation of tax returns and future investment and estate planning on both sides of the border.
PERSONAL INCOME TAX RETURN
Preparation of Form 1040 and supporting schedules for US citizens, green card holders and US residents
FOREIGN BANK REPORTING
Preparation of FINCEN 114, formerly known as the FBAR, relating to mandatory filing of foreign bank accounts held outside of the United States that are required to be disclosed and reported to the US Treasury on an annual basis
IRS STREAMLINED FILING COMPLIANCE
Voluntary program offered by the IRS for noncompliant filers
Available for US Citizens or Green Card holders that have been delinquent in their US filings
Preparation of three years of Form 1040, six years of foreign banking filing, FINCEN 114, with the US Treasury as well as necessary supplementary certifications and forms
TAX REPORTING FOR SNOWBIRDS
Preparation of Form 8840 Closer Connection Exception Statement for Aliens
Necessary filing for Canadian residents who spend significant periods of time in the US but would not be otherwise required to file a tax return as a US resident since they maintain their connections and file as a resident in Canada
NON-RESIDENT TAX RETURNS
Filing for a Canadian with US source income relating to:
US Employment Income
US Rental Property
Sale of US Property
US Pension or Annuity Payments
US Lottery or Gambling Winnings
CERTIFIED IRS ACCEPTANCE AGENT
Offering ITIN services as a certified IRS acceptance agent.
Assisting in the preparation of Form W-7 in relation to:
Ability to claim dependent on spouse’s or parent’s US tax return
Ability to claim reduced or eliminate withholding on royalties, rents or other FDAP payments
Ability to claim back tax withheld on gambling winnings
Necessary reporting and withholding for the sale of US real estate by foreign individual
CORPORATION US FILING FOR CANADIAN CORPORATIONS
Preparation of Form 1120-F Treaty Return
Required for Canadian corporation with no permanent establishment in the United States and active sales in the US
US TAXATION RESOURCES
PRESENTATIONS
Smart Investing & Retirement for US Citizens in Canada
US Tax Reform: Implications for US Citizens in Canada
Contact our US Taxation Team
Kylie Bechtold, CPA, CA, CPA (NY)
Senior US Tax Manager
Kylie specializes in US tax and has played a vital role in driving the US practice at the firm. She deals mainly in US cross-border taxation and works with individuals in preparing, planning and assessing US tax filings.
