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In 2014, the US Government passed the taxpayers Bill of Rights to protect a taxpayer’s fundamental rights when dealing with the IRS (For more information read: Make Way for the U.S. Taxpayers’ Bill Of Rights). Here is a brief overview of these tax rights covered under the taxpayer bill of rights prepared by AG Tax...
The Internal Revenue Service (IRS) has many tax changes planned for business taxpayers, and not being aware of them could cost taxpayers significantly. These changes have been brought by various acts, such as: The Protecting Americans from Tax Hikes (PATH) Act of 2015; The Fixing America’s Surface Transportation (FAST) Act; The Bipartisan Budget Act of...
Every year, the Internal Revenue Services (IRS) brings about changes to various tax forms as well as new forms in order to improve the reporting process, and make it more systematic to reduce errors. For the 2015 tax year the IRS implemented changes to forms such as the W-2 and 1099, and introduced a few...
It is always good practice to start working on your taxes early. Not only does it provide you significant time to prepare your return, but can also allow for the exploration of various tax scenarios. However, for taxpayers with complicated tax returns that require professional assistance to prepare, the first step towards preparing their tax return...
In many cases, people use their homes as offices during the start-up phase of their business to manage their expenses, and at times simply because of the convenience as he/she may have children or dependents that they need to look after While working. Some individuals may also be renting out a portion of their home...
Many people are beginning to appreciate the power of expanding their business through the internet. It can easily expand a product’s potential buyers from thousands to millions by providing easy access to the global market, including the largest capital market, the United States of America. Many Canadian businesses have already taken advantage of such opportunities by...
U.S. taxpayers are subject to taxes on their worldwide income, even income that is not reported on a tax slip (e.g. cash tips). Similarly, income from the rental of vacation homes may need to be reported as well. The tax rules may be further complicated in the case of non-resident U.S. vacation property owners. Therefore,...
Filing tax returns can be a daunting task, and once the taxpayer has filed for the current tax year, they need to start anticipating and preparing for the following tax year. It’s a never-ending cycle; and as this year comes to an end, here is an estimation of the tax brackets for 2016 based on...
The US Internal Revenue Service (IRS) allows certain discretionary business expenses to qualify as ‘tax deductions’. Some expenses are incurred to meet and please clients or attract their business, but due to the nature of these expenses, many taxpayers are uncertain whether such an expense, from a tax perspective, is deductible or not. Unfortunately, due...
So your US business is successfully off the ground, and you are now faced with the dreaded task of dealing with US corporate tax filings. Fortunately, there are cross border tax advisors (such as AG Tax) with many years of experience that can help reduce the stress of complying with the Internal Revenue Code and other US...
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ABOUTAylett Grant Tax, LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.OFFICEVancouver
+1 (888) 502-1810New South Surrey office coming January 2025ABOUTAG Tax LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.OFFICEVancouver
12752 28th Ave, Surrey, BC, V4A 2P4OFFICEEdmonton
104–4220 98 St NW Edmonton AB, T6E 6A1