The TST offers tax services and help to businesses in Toronto, Ontario, Canada. Tax Services Toronto 2015

Our professionals specialize in ensuring all your deductions are utilised so you pay the minimum tax allowable. Whether your information is current or in arrears we can help. 

 

 
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US Tax Returns: ITIN Individual Tax Identification Number

We are an authorised acceptance agent with the IRS which will allow us to notarize documents when applying for ITIN number. Phone us for prompt service in obtaining this important number where necessary.

Are you are a U.S. citizen (born in the U.S.), Green Card holder, U.S. resident, or Canadian with U.S. source income, you may have exposure to U.S. tax filings.

Consider the following:
Do you rent out a US condominium?
If you own a U.S. condominium that is rented at any time during the year,
you must report this amount on a U.S. return. If you do not file a return, they
may assess you the tax and disallow any expenses.

Are you a US citizen?
. If you are a U.S. citizen you are required to file a U.S. Personal Income Tax
Return regardless of where you live or your income level;

. If you are a U.S. citizen with a Canadian RRSP, the amount of income
earned in the RRSP is not exempt from U.S. tax unless you file an election
with your U.S. Personal return. The election is denied if you fail to file a
return;

Important: American citizens with Canadian and overseas bank/security
accounts are required to report to the United States Treasury Department by
June 30 of each year. This is not complicated however, if you do not comply,
you may face severe penalties such as . 10% of the maximum amount held
in the foreign account up to 50% of the amount in the foreign account.

Other US considerations for anyone
. If you dispose of a U.S. property, a U.S. return is required;
. If you sell services or product to the U.S., there may be a requirement to file a U.S. return.
. ITIN Individual tax identification number
. Individual tax identification number ITIN may be required. We are an authorised acceptance agent with the IRS which will allow us to notarize documents when applying for ITIN number.

Contact us now to review your situation and ensure that you comply.

 
Tax Services Toronto
555 Burnhamthorpe Road, Suite 406
Toronto, ON
M9C 2Y3
Phone: 416.626.2727
Fax: 416.621.7136
E-mail us: taxes@garybooth.com
Web: taxservicestoronto.com
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Tax Services Toronto | US Tax Returns: ITIN Individual Tax Identification Number | Are you are a U.S. citizen (born in the U.S.), Green Card holder, U.S. resident, or Canadian with U.S. source income, you may have exposure to U.S. tax filings.