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Here you'll find updates on cross border tax issues for 2021. Please check back often for updates as this page will be revised for new cross border tax news items from month to month. Update January 23, 2021 Updates...

Update: Biden’s Tax Plan

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Although incoming-President Biden will come into office with control of both the House and Senate, the margins in both chambers are razor-thin. The bottom line: passing his proposed tax increases on corporations and individuals making over $400,000 annually might...
How quickly things can change in Washington. Just weeks after a months-long stalemate was broken with the approval of a $900 per individual second stimulus payment, incoming-President Biden has unveiled a $1.9 trillion COVID relief proposal that will provide...
Question My husband and I live in a small town in rural Canada. In 2019 my husband’s brother, who lived in Texas, passed away and left my husband as beneficiary of an IRA account. Now we are in a frenzied...
It is safe to say that the 2020 Presidential Election was on personality and relatively light on policy details. But with the January 20th inauguration approaching quickly, here is an overview of what we know about the tax plan...
Note: apologies for the quality of the audio. Half of the podcast was recorded in my car. Subsequent recordings will be much more clear. On episode #3 of the Expat Tax and Financial Planning Podcast we discuss some of the...
Question I'll be relocating to Canada closer to the end of the year. I currently have a 401k that I contribute to through my employer. I will still be working for the same employer when I move to Canada (remotely)....
Question Hi Phil I found your contact info through the facebook group for Americans in Canada. Great group by the way, we've learned a lot for far. My wife and I (she's Canadian and I'm American) will be moving to Canada in...
The US treasury and the IRS have recently released some guidance on the second stimulus payment. I'll outline a summary of these updates below: Overview The IRS and the Treasury Department expects the first American taxpayers to receive their payments starting...
I would normally not point out someone else's mistakes or omissions. We all make mistakes and should only be judged based on how we take responsibility for these errors and subsequently help to resolve them. Being a public...
With the second stimulus package expected to be passed by Senate on Monday, December 21, and passed into law soon after that by President Trump, the details are becoming clearer on the payment levels Americans can expect: Stimulus payments: The...
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