BOUTIQUE
US TAX FIRM
Specializing in US Taxation
Consulting & Compliance Corporations & Individuals
PRACTICE AREAS
US TAX COMPLIANCE
US TAX ADVISORY
US TAX DISPUTES & ADVOCACY
Compliance Forms for Corporations, Partnerships and Individuals, including but not limited to, the following:
Form 1120, U.S. Corporation Income Tax Return
Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
Form 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations
Form 1120F & Form 8833, U.S. Income Tax Return of a Foreign Corporation (Treaty Based)
Form 1120F (Branch), U.S. Income Tax Return of a Foreign Corporation
Form 1065, U.S. Return of Partnership Income
Sch K-1, K-2 & K-3, Partner Slips
Form 8805 & 8804, Return for Partnership Withholding Tax
State Forms, Various
Form 1042, 1042T, & 1042S, Withholding Tax Return for U.S. Source Income of Foreign Persons
Form W-8BEN-E & W-9, Identification Purpose forms
Form 1099-NEC, Nonemployee Compensation
Form 8288 & 8288-A, U.S. Withholding Tax Return for Certain Dispositions by Foreign Persons
Form 8288-B, Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests
Form 1040, U.S. Individual Income Tax Return
Form 1040NR, U.S. Nonresident Alien Income Tax Return
FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)
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US Taxation
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In general, all domestic US corporations (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income.
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Canadian individuals and corporations are generally subject to US tax on:​
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FIRPTA
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ECI
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FDAP
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FIRPTA
FIRPTA “Foreign Investment in Real Property Tax Act” gains from the sale of US real property interests are treated as effectively connected income
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FIRPTA is a withholding tax on the disposition of US real property by a foreign person.
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The purchaser must withhold and remit tax of up to 15% of the gross selling price to the Internal Revenue Service (“IRS”) on behalf of the seller unless certain exemption apply.
ECI
ECI “Effectively Connected Income” when a foreign person engages in a trade or business in the US, all income from sources within the US connected with the conduct of that trade or business
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Canada-US Income Tax Convention (the “Treaty”)
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Only taxable if trade or business is conducted through a permanent establishment (“PE”) in the US
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FDAP
FDAP “fixed, determinable, annual, and periodical” income that is not effectively connected to the United States
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FDAP income captures a board range of gross income: Interest, Dividends, Rents, Royalties
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Flat tax of 30% on “fixed or determinable annual or periodical gains, profits and income” unless the Treaty applies
If you’d like more information about our services, get in touch today.
SANDY JIANG
CPA, CPA (Delaware), CICPA Juris Master
Shan Jiang CPA Professional Corporation
Partner, US Tax Services
Sandy brings years of experience in practicing US Tax. She has practiced at national firms, in the mid-size accounting arena as well as local practices. Sandy specializes in Canada-US cross-border tax matters and in-bound US tax services for public and privately held corporations.​
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Sandy is passionate about making a positive impact for their clients. The US tax landscape has been changing at an unprecedented pace with increased complexities. Their desire is to help clients navigate these waters and ease the burden.
CONTACT US
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