5 Years of past due Canadian tax returns.
Posted on 12. Dec, 2010 by Phil Hogan, CA.
Question Hi, I hope you can help. I’ve neglected to file my Canadian taxes for the last 5 years (please no lecture thanks….I know I’ve been bad)… I’m self employed and I’m finally caught up with all my bookkeeping records. I’ll be taxable in 2007 to 2009 and not taxable in prior years. To top [...]
Continue Reading
Gambling US Tax Refund for Canadian
Posted on 12. Dec, 2010 by Phil Hogan, CA.
Question Hello Phil, I recently came back from a trip to Las Vegas where I won over $20,000 in winning on a slot machine (crazy since I never really gamble). The casino withheld 30% of my winnings and gave me a 1042-s form. I heard you can help me recover some of this gambling tax. [...]
Continue Reading
How to make you mortgage interest deductible – David Ingram video
Posted on 20. Nov, 2010 by Phil Hogan, CA.
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 segment [...]
Continue Reading
Reduce the amount of tax withholdings from you paycheque
Posted on 14. Nov, 2010 by Phil Hogan, CA.
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 have [...]
Continue Reading
Foreign Tax Credit for Taxes on Swiss Tax Returns
Posted on 13. Nov, 2010 by Phil Hogan, CA.
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 for [...]
Continue Reading
US Citizen moving to Canada – Possible expatriation tax
Posted on 11. Nov, 2010 by Phil Hogan, CA.
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, with [...]
Continue Reading
Canadian non-resident selling property situated in Canada
Posted on 08. Nov, 2010 by Phil Hogan, CA.
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 visa [...]
Continue Reading
Moving to the US from Canada – Tax implications
Posted on 07. Nov, 2010 by Phil Hogan, CA.
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 past [...]
Continue Reading
Canadian gifting money to their US citizen Son
Posted on 07. Nov, 2010 by Phil Hogan, CA.
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 IRS [...]
Continue Reading
Canadian Corporation Doing Business in the US
Posted on 06. Nov, 2010 by Phil Hogan, CA.
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 is [...]