Fatca services.ca | Foreign Account Tax Compliance Act | Toronto, Canada

taxescanada2011 2014-04-12

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http://www.us-fatca-back-taxes-services-for-canadians.ca

Hello this is Gary Booth from fatcaservices.ca. The Foreign Account Tax Compliance Act, also known as FATCA will take effect on July 1, 2014. This will requires foreign financial institutions to report financial accounts of non-resident U.S. taxpayers to the IRS.

Whether you were born in the United States but live in Canada or have parents who are both U.S. citizens, you will be required to file U.S. tax returns. This includes any information returns that may also be required.

On February 5, 2014, Canada and United States announced an Inter-Governmental Agreement that acknowledges Canada's compliance to fully implement FATCA across the country. For U.S. taxpayers residing in Canada, it is important that if you have a filing obligation, that the information you provide is complete and correct as the IRS will have access to your information submitted by the foreign financial institutions.

Do not wait for IRS to contact you to file your returns. If you would like to know more about our services, please contact us either at 416-626-2727 or visit our website at www.fatcaservices.ca or email at [email protected] and we will be pleased to assist you. Thank you.

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