U.S. Tax Services Areas of Practice in Downtown Toronto

Overview: Our U.S. Tax Services team in Downtown Toronto specializes in providing comprehensive tax solutions tailored to meet the unique needs of individuals and businesses with cross-border tax obligations. We leverage our in-depth knowledge and experience in U.S. tax laws to help clients navigate the complexities of the tax system efficiently and effectively.

Contact: Tel: 416-628-7824 Ext.2 or Email: info@torontotaxconsulting.com

Areas of Practice (Overview):

Individual Tax Services:
- U.S. Citizens and Residents Abroad: Preparation and filing of U.S. tax returns for expatriates, including FBAR and FATCA compliance.
- Non-Resident Aliens: Tax planning and compliance for non-residents with U.S. income sources.
- Dual Citizens: Specialized tax services for individuals holding citizenship in both the U.S. and Canada.
Business Tax Services:
- Corporate Tax Compliance: Assistance with U.S. federal, state, and local tax return preparation and filing for corporations operating in the U.S.
- Cross-Border Tax Planning: Strategic tax planning to optimize tax positions for businesses with cross-border operations.
- Transfer Pricing: Development and documentation of transfer pricing strategies to comply with U.S. regulations.
Estate and Gift Tax Services:
- Estate Tax Planning: Strategies to minimize U.S. estate tax exposure for individuals with U.S. assets.
- Gift Tax Compliance: Reporting and compliance for gifts made to U.S. beneficiaries.
Real Estate Tax Services:
- Investment Property: Tax planning and compliance for Canadian residents investing in U.S. real estate.
- Rental Income: Guidance on tax obligations related to rental income from U.S. properties.
IRS Representation:
- Audit Support: Representation during IRS audits and examinations.
- Voluntary Disclosures: Assistance with voluntary disclosure programs to rectify past tax reporting issues.
Tax Treaty Benefits:
- Treaty Analysis: Interpretation and application of U.S.-Canada tax treaty provisions to reduce double taxation.
- Residency Determination: Guidance on residency status and tax implications under the treaty.

Why Choose Us (U.S. Tax Services):

Expertise: Our team comprises seasoned tax professionals with extensive experience in U.S. tax law.
Customized Solutions: We tailor our services to meet the specific needs of each client, ensuring personalized and effective tax strategies.
Cross-Border Knowledge: Our deep understanding of both U.S. and Canadian tax systems allows us to provide seamless cross-border tax services.
Client-Focused Approach: We prioritize client satisfaction, offering clear communication, timely responses, and proactive advice.

For more information or to schedule a consultation, please contact our U.S. Tax Services team in Downtown Toronto today. Let us help you achieve tax compliance and optimize your tax position across borders.

Areas of Practice in U.S. Tax (Detailed)

Personal
- U.S. Personal Tax Return Preparation
- U.S. Personal Tax Advice
- U.S. Personal Tax Planning
- U.S. Individual Income Tax Return 1040
- U.S. Tax Return for Seniors 1040-SR
- Your Rights As A U.S. Taxpayer
- Your Appeal Rights and How to Prepare a Protest if You Disagree
- U.S. Citizens Abroad
- Dependents, Standard Deduction, and Filing Information
- Medical and Dental Expenses
- Child and Dependent Care Expenses
- Divorced or Separated Individuals
- Foreign Tax Credits
- Credit for the Elderly or the Disabled
- Reporting Tip Income
- Investment Income and Expenses, (Including Capital Gains and Losses)
- Tax-Sheltered Annuity Plans
- Pension and Annuity Income
- Individual Retirement Arrangements (IRAs)
- United States-Canada Income Tax Treaty
- Bankruptcy
- Home Mortgage Interest Deduction
- Health Savings Accounts and Other Tax-Favored Health Plans
- Interest and Ordinary Dividends
Small Business
- For Individuals Who Use Schedule C
- U.S. Small Business Tax Return Preparation
- U.S. Small Business Tax Advice
- U.S. Small Business Tax Planning
- Limitation of Business Losses
- Travel, Gift and Car Expenses
- Foreign Tax Credits
- Net Operating Losses (NOLs)
- Sales and other Dispositions of Assets
- Installment Sales
- Business Casualty, Disaster, and Theft Loss
- Business Use of Your Home
Real Estate
- Selling Your Home
- Tax Information for Homeowners
- Depreciating Property Placed In Service Before 1987
- U.S. Rental Property
Resident Aliens
Non-Resident Aliens
- U.S. Nonresident Alien Income Tax Return
- Tax on Income Not Effectively Connected With a U.S. Trade or Business
Partnership
- U.S. Return of Partnership Income 1065
Corporate
- U.S. Tax Treaties
- U.S. Corporation Income Tax Return 1120
- U.S. Income Tax Return of a Foreign Corporation 1120-F
- U.S. Income Tax Return for an S Corporation 1120-S
- Corporate Dissolution or Liquidation
- Foreign Tax Credit – Corporations
- U.S. Personal Holding Company (PHC) Tax
Trust
- U.S. Estate Tax Return for Qualified Domestic Trusts
- U.S. Income Tax Return for Qualified Funeral Trusts
Estate
- U.S. Estate Tax Return
- Generation-Skipping Transfer
- U.S. Gift Tax Return
Death of Taxpayer
- U.S. Deceased Tax Return
- Certification of Payment of Foreign Death Tax

Locations in Downtown Toronto

Downtown Toronto

Toronto Tax Consulting
401 Bay Street Suite 1600
Toronto ON M5H 2Y4
Tel: 416-628-7824 Ext.2

Downtown Toronto

Toronto Tax Consulting
1 Dundas St W Suite 2500
Toronto ON M5G 1Z3
Tel: 647-951-4852 Ext.2

IRS