| | | September 2019 | Smoothing the path to relinquishing your U.S. citizenship
Mike Hayward, CPA, CA, CPA (Illinois) is partner at Baker Tilly Ottawa LLP | | On Sept. 6, the Internal Revenue Service (IRS) announced a new tax compliance program entitled “Relief Procedures for Certain Former (U.S.) Citizens” (Relief Procedures). This new voluntary disclosure program is a welcome addition to the existing “Streamlined Foreign Offshore Procedures” (Streamlined Procedures). Collectively, these voluntary programs provide significant relief to certain U.S. persons that are not in compliance with mandatory U.S. personal income tax filing obligations and associated information returns. |
| | | Baker Tilly Ottawa LLP 400-301 Moodie Drive
Ottawa, Ontario
K2H 9C4 Canada
[email protected]
www.bakertilly.ca |
| This email is sent by Baker Tilly Ottawa LLP, formerly Collins Barrow Ottawa LLP. 400-301 Moodie Drive, Ottawa, ON, Canada K2H 9C4.
Baker Tilly Canada periodically publishes U.S. Tax Alert for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada with respect to U.S. issues. While U.S. Tax Alert may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
|
|
|
