Tax Day Extended to May, 17 2021

Tax Day Extended to May, 17 2021

As the pandemic continues to be a hard time for many, the IRS is extending the Tax Day deadline to help taxpayers in this unprecedented situation. The extension is automatic and applies to filing and payments. So, if you owe taxes this year, you have now until May...

5 Myths about renouncing US citizenship

 Welcome, welcome!!! I’m Olivier Wagner and today I’ll discuss five myths surrounding renouncing U.S. citizenship. Those were urban legends that oftentimes come with some old truth that might no longer apply and I’ll discuss that in this video. I have been...

Treaty based corporate tax return in Canada

Hello, I am Olivier Wagner. I have been preparing US tax returns since 2012 and today I will discuss a topic that applies on both sides (the US and Canada). But I’ll be talking about a foreign corporation that has some sort of presence in Canada but doesn’t rise up to...
PFIC and form 8621

PFIC and form 8621

The PFIC rules apply to US persons. I.e. individuals, corporations, estates and trusts who are US residents or US citizens. US citizens living overseas invest in foreign investment vehicles, as that’s where they live. With it may come a bad surprise. A punitive...