Income Tax Planning/ Preparation

This is a complex area that is wrought with landmines particularly with the IRS aggressively pursuing those with foreign accounts. We start by reviewing your past three years tax returns to ensure they are prepared correctly, in compliance with the tax authorities and with a view to minimizing your tax liability. Then, in anticipation of your move, we will do your income tax planning/ preparation and can quantify your tax exposure in the other country and identify the tax implications you face. We also prepare Canada/US tax returns but understand that tax preparation is purely a historical event sometimes leading to unintended consequences. Tax planning reviews your current and projected tax situation and looks for opportunities to optimize your current and future tax situation. We also ensure any tax planning gets implemented because we prepare both US and Canadian tax returns.