US Personal Tax Services in GTA

If you’re a US Expat and wondering what your IRS tax filing obligation is in the US, then you’ve come to the right place.  Douglas Spence & Associates CPA can help you answer the important questions you have.

Did you know that if you are a US Citizen living abroad you are required to file a US Tax Return with the IRS?

If you’re a US citizen living in Canada with dual citizenship or Permanent Resident (PR) holder, you are obliged to file your income taxes with IRS including other various filing requirements. Unlike Canada, a US citizen is taxed on their worldwide income on the basis of citizenship, as well as residency, regardless of where you live.  As a Canadian resident filing income taxes with CRA, you can be relieved of double taxation in two ways – foreign tax credit or foreign earned income exclusion – whichever works for your individual situation, we’re here to help.

Contact us today for a consultation.