Archive for November, 2010
How to make you mortgage interest deductible – David Ingram video
Posted on 20. Nov, 2010 by Phil Hogan, CA.
Tweet I wanted to share this great video with everyone. In this video David Ingram answers a viewers email about how to make your mortgage interest deductible. Enjoy! Right now what I want to talk to you about is Mortgage Interest as a deduction in Canada. And I’m going to start of with a little [...]
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Reduce the amount of tax withholdings from you paycheque
Posted on 14. Nov, 2010 by Phil Hogan, CA.
Tweet Question Dear Phil, I stumbled upon your website while searching internet for information on tax payments. My income tax is being deducted from each paycheck. My spouse is self employed and pays taxes once a year. Because of the nature of her business (real estate) she can go for months without income and then [...]
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Foreign Tax Credit for Taxes on Swiss Tax Returns
Posted on 13. Nov, 2010 by Phil Hogan, CA.
Tweet Question Hello, I lived in Switzerland for a few years and I failed to file my US returns. I’m a US citizen, currently residing in the US but I have been living in Switzerland for a few years. I’m currently catching up with my delinquent US returns and I just have a small question [...]
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US Citizen moving to Canada – Possible expatriation tax
Posted on 11. Nov, 2010 by Phil Hogan, CA.
Tweet Question Hello Mr. Hogan, I’ll be moving from California to Canada in February of next year and I just wanted to get a sense for any tax implications that I need to be considering before I make the move. Let me give you some background of my situation: I’m 59 years old. I’m married, [...]
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Canadian non-resident selling property situated in Canada
Posted on 08. Nov, 2010 by Phil Hogan, CA.
Tweet Question I have owned a residence on Vancouver Island since 2003. I used it as a seasonal residence for myself and wife (our two sons were born in Canada) until 2007 when I took a Doctoral program in my field in Traditional Chinese Medicine in Victoria.for two years until 2009. Shortly before my student [...]
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Moving to the US from Canada – Tax implications
Posted on 07. Nov, 2010 by Phil Hogan, CA.
Tweet Question Hi Phil, Thanks for a well-written and timely article on US-Canada cross border tax issues. I am one of the many working professionals who is about to face the complications as described in your article (http://philhogan.com/cross-border-tax/tax-consequences-of-emigrating-leaving-from-canada/) A bit on my background: I am a Canadian permanent resident living in (Canadian Province) for the [...]
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Canadian gifting money to their US citizen Son
Posted on 07. Nov, 2010 by Phil Hogan, CA.
Tweet Question Hello.. Can you please answer for me: I am Canadian, and my grown son lives in the USA, and recently became a US Citizen. If I “gift” him money (such as for a down payment on a house).. will he be required to report this on his taxes? I searched everywhere on the [...]
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Canadian Corporation Doing Business in the US
Posted on 06. Nov, 2010 by Phil Hogan, CA.
Tweet Question I am an accountant in [Canadian city] and have tried to call the IRS to determine what my client will require in forms and cannot get to talk to a person. I found your name on the internet and would gladly pay for your expertise in just knowing what to fill out. Here [...]
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US Citizen living in Canada going business in Canada and the US
Posted on 06. Nov, 2010 by Phil Hogan, CA.
Tweet Question Mr. Hogan I’m 59 years old and a US Citizen and Canadian Permanent Resident. For the last 10 years, I’ve been an employee of a US Management Consultancy, working entirely in the US for US clients while residing in [Canadian province]. I’d been advised by their cross-border tax advisors that income generated while [...]
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Not filing for US purposes…in Canada for 48 years.
Posted on 06. Nov, 2010 by Phil Hogan, CA.
Tweet Question Just had a call from my father about filing US tax returns. I am a US citizen who has lived in Canada for 48 years. I want to contact the IRS, as I just learned that I should have been filing tax returns in the states for all these years. What do I [...]
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